Wes Davis is a play editor who covers the latest successful tech and entertainment. He has written news, reviews, and much arsenic a tech journalist since 2020.
Treasure Secretary Scott Bessent has been named the Acting Director of the Consumer Financial Protection Bureau (CFPB), the bureau announced today. Bessent quickly instructed the agency to “to extremity each rulemaking, communications, litigation, and different activities,” reports Bloomberg Law.
A root wrong the CFPB told Bloomberg Law that his bid “appeared to unopen down the CFPB altogether for the clip being.” If that’s true, it could mean the bureau nary longer plans to move guardant pinch a pending norm group to spell into effect March 3rd that would forbid information brokers from trading delicate individual information, including Social Security numbers. The CFPB did not instantly respond to The Verge’s petition for comment.
The news comes arsenic Bessent, who Trump named Treasury Secretary past week, is nether scrutiny complete his domiciled successful reportedly allowing Elon Musk’s Department of Government Efficiency (DOGE) to access the US national costs system. Massachusetts Senator Elizabeth Warren sent him a letter looking for an mentation arsenic to why he fto that happen.
Bessent, a erstwhile hedge money manager, says he looks “forward to moving pinch the CFPB to beforehand President Trump’s schedule to little costs for the American group and accelerate economical growth.”