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The former Republican presidential president Donald Trump, left, listens while the investor Scott Besent talks about the economy in Asheville, North Carolina, Wednesday, August 14, 2024.
Matt Kelley | AP
President Donald Trump has made secretary of the Treasury Scott bets the interim director of the Consumer Financial Protection Office After saying goodbye to former chief Rohit Chopra during the weekend.
Besent, a former coverage fund manager who was confirmed as the head of the United States Treasury last week, will presumably lead the CFPB until a permanent selection is named.
“I hope to work with the CFPB to advance the agenda of President Trump to reduce costs for the American people and accelerate economic growth,” Besent said in a CFPB statement Launched on Monday announcing your appointment.
Chopra, who was appointed by former President Joe Biden in 2021, often disagree with the United States banking industry after pressing to drastically control the practices around credit card late rates and overdraft Rates, among many Other efforts. Commercial groups representing banks fought These regulations in the Court, defending the rules that would have saved the Americans billions of dollars in rates, but that the industry called badly or unjustified.
The banking groups expected Chopra to shoot as soon as the day of Trump’s inauguration, but Chopra remained for almost two weeks in Trump’s second mandate, continuing shooting launches And evaluate the themes of the buttons that include if the banks unfairly closed the accounts.
This story is developing. Consult the updates again.
