Feb 3, 2025 · Scott Bessent, who was confirmed as Treasury secretary last week, has been named acting director of the Consumer Financial Protection Bureau. Bessent replaces Rohit Chopra, who was fired on...

Feb 1, 2025 · The director of the CFPB, who under law was to serve a five-year term, also serves as a board member of the Federal Deposit Insurance Corporation, voting on key banking regulations. Chopra will no ...

Feb 1, 2025 · President Donald Trump has fired the director of the Consumer Financial Protection Bureau, Rohit Chopra, in the latest purge of a Biden administration holdover.

Feb 1, 2025 · The Trump administration has fired Rohit Chopra, the director of the Consumer Financial Protection Bureau. The move was widely expected as President Trump is likely to name a new director for...

– On January 31, 2025, President Trump designated Secretary of the Treasury Scott Bessent as Acting Director of the Consumer Financial Protection Bureau (CFPB). “I look forward to working with the CFPB to advance President Trump’s agenda to lower costs for the American people and accelerate economic growth,” said Secretary Bessent.

Feb 3, 2025 · Bessent will be the third acting director in the CFPB’s short history, and the second acting CFPB director to simultaneously serve as the head of multiple federal agencies. In 2017, when then ...

Rohit Chopra (born January 30, 1982) is an American businessman who was the third director of the Consumer Financial Protection Bureau (CFPB) and previous member of the Federal Trade Commission (FTC).

Rohit Chopra is Director of the Consumer Financial Protection Bureau. The CFPB is a unit of the Federal Reserve System charged with protecting families and honest businesses from illegal practices by financial institutions, and ensuring that markets for consumer financial products and services are fair, transparent, and competitive.

Feb 3, 2025 · Bessent, a former hedge-fund manager, was confirmed as head of the Treasury Department last week.

Feb 3, 2025 · Bessent took over the CFPB as acting director after President Donald Trump fired Biden-era Director Rohit Chopra. “As Acting Director, Secretary Bessent is committed to appropriately stewarding the agency pending new leadership,” the email said.