Trump Appoints Treasury Secretary Bessent as Acting CFPB Director

The Consumer Financial Protection Bureau’s permanent director will require Senate confirmation.

Treasury Secretary nominee Scott Bessent testifies before the Senate Committee on Finance in Washington on Jan. 16, 2025. Madalina Vasiliu/The Epoch Times

President Donald Trump has named Treasury Secretary Scott Bessent to serve as the acting director of the Consumer Financial Protection Bureau (CFPB) in place of Rohit Chopra, who announced his departure from the agency over the weekend.

Bessent’s appointment took effect on Jan. 31, according to a Feb. 3 announcement from the CFPB.