Which agency issued this update?

This update was issued by Consumer Financial Protection Bureau.

When was it published?

It was published on February 3, 2025.

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Consumer Financial Protection Bureau

Statement on Designation of Treasury Secretary Scott Bessent as Acting Director of the Consumer Financial Protection Bureau

February 3, 2025

Summary

President Trump has officially designated Treasury Secretary Scott Bessent to serve as the Acting Director of the CFPB effective January 31, 2025. This leadership change marks a shift in the bureau's executive oversight, which may influence future regulatory priorities and enforcement strategies.

On January 31, 2025, President Trump designated Secretary of the Treasury Scott Bessent as Acting Director of the Consumer Financial Protection Bureau (CFPB).

Source: https://www.consumerfinance.gov/about-us/newsroom/statement-on-designation-of-treasury-secretary-scott-bessent-as-acting-director-of-the-consumer-financial-protection-bureau/

Common questions

What does "Statement on Designation of Treasury Secretary Scott Bessent as Acting Director of the Consumer Financial Protection Bureau" cover?: President Trump has officially designated Treasury Secretary Scott Bessent to serve as the Acting Director of the CFPB effective January 31, 2025. This…
Which agency issued this update?: This update was issued by Consumer Financial Protection Bureau.
When was it published?: It was published on February 3, 2025.