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Treasury secretary, Consumer Financial Protection Bureau
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 Treasury Secretary Scott Bessent as the acting director of the Consumer Financial Protection Bureau.
Trump Names Scott Bessent, the Treasury Secretary, to Lead the Consumer Bureau
The secretary replaces Rohit Chopra, who had aggressively sought to expand the bureau’s authority over banks and other financial firms.
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 Consumer Financial Protection Bureau after firing Rohit Chopa on Saturday.
Trump Orders Start of a Sovereign Wealth Fund
Trump signs order to create sovereign wealth fund in United States, possibly to buy TikTok
President Donald Trump on Monday ordered the creation of a government-owned sovereign wealth fund of financial assets, which he said possibly could be used to buy TikTok.
Trump Calls for Wealth Fund in Executive Order
It is unclear how the United States, which already spends more money than it collects in taxes, would finance such a fund.
What we know about the Trump administration’s plans for a sovereign wealth fund
President Donald Trump said that the state-owned investment fund could possibly foot the bill to purchase TikTok under the right conditions.
Elon Musk, Treasury and Scott Bessent
Warren blasts Treasury Secretary Bessent on Elon Musk weekend data grab
U.S. Sen. Elizabeth Warren demanded answers following reports that billionaire Elon Musk took access to the nation's finance system, including sensitive financial data of nearly all Americans.
Warren Questions Bessent Over Musk Access to Treasury Payment System
In a letter to the Treasury secretary, the Democratic senator warned against meddling with a system that processes trillions of dollars of transactions.
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.
1h
on MSN
Democrats Respond To Musk ‘Illegally Seizing Power’ Over Treasury Payment System
Over the weekend, billionaire Elon Musk gained some level of access to the Treasury Department’s federal payment system, ...
3h
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 ...
JD Supra
6d
History of the US Customs Agency: Possible Implications of the Trump Administration’s ERS Announcement
The US Customs Agency, established in 1789 under the US Department of the Treasury, has undergone significant transformations throughout its ...
1d
Senator warns of national security risks after Elon Musk’s DOGE granted ‘full access’ to sensitive Treasury systems
A senior U.S. lawmaker says representatives of Elon Musk were granted “full access” to a U.S. Treasury payments system used ...
2h
on MSN
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 ...
JD Supra
6d
Is the Future of Digital Assets in the United States Bright Again?
Yes, indeed! What Brad Garlinghouse of Ripple Labs called “Gensler’s reign of terror” ended with Securities and Exchange Commission (SEC) Chair ...
6d
on MSN
Trump’s new Treasury secretary is the highest-ranking LGBTQ official in history
Newly minted Treasury Secretary Scott Bessent is now the highest ranking openly LGBTQ official in American history. Bessent — who was nominated by President Donald Trump shortly after his election — ...
3d
Senior US Treasury official to exit after rift with Musk allies, report says
David Lebryk, the top-ranking career U.S. Treasury Department official, will leave following a clash with allies of ...
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