Representative Andy Harris, R-MD study. On Trump’s tax discounts amid the hearing of Scott Besnetz and Congress with a strategy for the reconciliation bill.
Treasury Secretary Scott Payette will be a deputy director of the Acting Consumer Financial Protection Office (CFPB), the agency announced on Monday.
“I look forward to working with CFPB to enhance President Trump’s agenda to reduce the costs of the American people and accelerate economic growth,” said Pesin.
Note the CFPB announcement of that president Donald Trump BESSENT was appointed as Acting Director on Friday. Former CFPB director Rohit Chopra wrote in a letter published on Saturday that he no longer works as a agency director.
Bessin Kazir was confirmed to the Treasury last week, when the Senate made a 68-29-party vote for confirming this role. Bessent, 62, worked as a major economic consultant for Trump’s campaign before his nomination for the role of the Council of Ministers.
Scott Bessent confirmed by the Senate that he will work as minister of Trump
Treasury Secretary Scott Bessin will work as Acting Director for CFPB. (Vincent Alban / Bloomberg via Getty Images / Getty Images)
Republicans have long criticized CFPB for its aggressive approach to regulating the financial services industry. The agency also faced a legal challenge to the constitutionality of the financing structure that reached supreme courtAnd that determined the agency’s financing was constitutional.
While Bessent was going through the confirmation process, he responded to a questionnaire of Senate members in which he was asked whether he believed that CFPB should be canceled.
“CFPB has been created with a legislation approved by Congress,” Bessin wrote. “I look forward to working with the next director of CFPB as necessary to ensure that the office is effective in fulfilling its legal mission.”
You can target Doge SEC, CFPB – are both sides necessary?
CFPB organizes the financial services industry, but it faces the Republican Party’s criticism for its aggressive approach. (Photographer: Samuel Corome / Bloomberg through Getty Emociz / Getty Em.
It is not clear at this time the period in which Bessent will work as the Acting Director for CFPB or when Trump administration He intends to nominate a new manager.
Chopra could have remained in his role as a agency leader, as he was in the third year of a five -year term that was scheduled to end in 2026, although he previously said that he would step down from the role if the new asked him a president. In 2020, the Supreme Court decided that the CFPB manager was an employee of the will.
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Billionaire Elon MuskWho commissioned Trump’s leadership of the Ministry of Governmental efficiency (DOGE), indicated that he might try to eliminate the agency in a post on X.
“Delete CFPB,” Musk Books. “There are many repeated organizational agencies.”
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