We previously reported that Treasury Secretary Bessent was named as the acting director of the Consumer Financial Protection Bureau (CFPB), and he subsequently ordered the CFPB staff to halt several activities. However, the...more
President Trump announced his appointment of Treasury Secretary Scott Bessant as acting director of the CFPB, replacing former director Rohit Chopra. Secretary Bessant, a former hedge-fund manager, was confirmed as head of...more
Major Developments- Secretary of the Treasury Janet L. Yellen Sends Letter to Congressional Leadership on the Debt Limit- January 19, 2023- U.S. Secretary of the Treasury Janet L. Yellen sent a letter to all members of...more
Based on the President’s executive order 13772 on The Core Principles for Regulating the United States Financial System, the American Bankers Association (ABA) submitted a white paper to Treasury Secretary Mnuchin that...more