Trump names Treasury Secretary Scott Bessent acting head of CFPB after firing Chopra

President Donald Trump has appointed Treasury Secretary Scott Bessent as the acting director of the Consumer Financial Protection Bureau after firing former head Rohit Chopra. Bessent, a former hedge fund manager, will lead the CFPB until a permanent pick is named. Chopra, who was appointed by former President Joe Biden, clashed with the banking industry over regulations on fees before stepping down on Feb. 1.

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