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EMARKETER

CFPB’s recent rules thrown up in the air after acting director halts operations

Article by Grace Broadbent  |  Feb 4, 2025
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CFPB’s recent rules thrown up in the air after acting director halts operations
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Credit & Debit
Digital Payments
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United States

The news: The Consumer Financial Protection Bureau (CFPB) paused operations, including the implementation of recent rules, as new leadership takes over the agency, per NPR.

  • President Donald Trump fired CFPB director Rohit Chopra over the weekend in a highly expected move. Trump appointed Treasury Secretary Scott Bessent as acting director until a permanent pick is named.
  • CFPB staff members were instructed to immediately cease work unless required by law or expressly approved by Bessent to ensure the agency’s goals are consistent with the new administration.

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