US Treasury chief takes over consumer watchdog, freezes all activity
U.S. President Donald Trump on Monday tapped newly confirmed Treasury Secretary Scott Bessent as acting director of the Consumer Financial Protection Bureau, the agency announced.
Bessent tapped to be acting consumer bureau chief
Republicans have long criticized the bureau, which they see as an unaccountable regulator with too broad a reach.
Bessent Takes Helm of Consumer Finance Watchdog, Orders Halt to Work
Treasury Secretary Scott Bessent is ordering a freeze to work at the Consumer Financial Protection Bureau, after being named its acting director by President Trump
Trump's consumer watchdog freezes CFPB activity on first day of job
U.S. Treasury Secretary Scott Bessent, who took over on Monday as President Donald Trump's new acting consumer finance watchdog, has halted virtually all pending activities at the U.S. Consumer Financial Protection Bureau,
Treasury Secretary Scott Bessent named acting director of consumer watchdog agency
Scott Bessent, the Treasury Secretary, has been tapped by President Trump to be acting director of the Consumer Financial Protection Bureau. Bessent is seen here at the Capitol in Washington last month.
Consumer protections halted as Treasury Secretary takes over acting bureau role
Treasury Secretary Scott Bessent is now the acting head of the US Consumer Financial Protection Bureau, signaling a potential shift away from the aggressive enforcement and regulatory approach under Rohit Chopra.
Tariff reprieve a result of 'depraved' Trump tactics: Former U.S. treasury secretary
Former U.S. treasury secretary Larry Summers says he doesn't think Canada has done anything significantly different to ...
DOGE task force gains access to U.S. Treasury Department payment systems
News comes after departure of Treasury's acting Deputy Secretary David Lebryk after more than 30 years of service.
Giving Elon Musk’s DOGE access to the Treasury payment system risks a U.S. debt default and global financial crisis, senator warns
The Treasury Department’s payment system has been likened to the government’s checkbook and makes $6 trillion in ...
Axios Sneak Peek on MSN45m
Treasury sued over DOGE access to sensitive data
Federal employees unions allege the Treasury secretary let DOGE reps access sensitive data in an "intrusion" that's ...
Trump orders the creation of a U.S. sovereign wealth fund. Here's what that means.
President Trump is directing his commerce and treasury secretaries to create what's called an American sovereign wealth fund.
Trump appoints the Treasury secretary, a former hedge fund executive, as acting head of consumer protection agency
In what appears to be yet another move to consolidate parts of the federal government, President Donald Trump has appointed ...
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“Extraordinarily Dangerous”: Warren Demands Answers Over Elon Musk’s Access to US Treasury
Days after his swearing-in, Treasury Secretary Scott Bessent gave Elon Musk and his team at the so-called Department of ...
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Musk-led DOGE has access to the U.S. Treasury’s payment system. What will they do with it?
Wendy Edelberg of Brookings says "political malpractice" might be a bigger risk to economic stability than the government's massive borrowing.
Democrats promise bill to block ‘unlawful meddling’ in Treasury systems after Musk allies gain access
Democratic leaders in both chambers on Monday vowed to introduce legislation to “stop unlawful meddling in the Treasury ...
Treasury secretary to temporarily oversee Consumer Financial Protection Bureau
President Donald Trump on Monday designated Treasury Secretary Scott Bessent with additional duties as acting director of the ...
Why Musk's access to the Treasury payment system is so dangerous
Granting Elon Musk and the Department of Government Efficiency access to the Treasury’s payment systems is “as dangerous as ...
Treasury cuts first-quarter borrowing estimate
The U.S. Treasury Department said Monday it expects to borrow $815 billion in the first quarter, which is $9 billion lower ...