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Insider: U.S. Treasury Secretary to Temporarily Head the Consumer Financial Protection Bureau

BlockBeats News, February 4th, according to sources familiar with the matter, U.S. Treasury Secretary Scott Bennett is currently serving as the Acting Director of the U.S. Consumer Financial Protection Bureau, indicating that the Trump administration may shift away from the strict enforcement and regulation under Rohit Chopra's leadership.

Previously, Chopra was fired by the Trump administration. This official appointed during the Biden era imposed billions of dollars in fines and consumer restitutions on banks such as Wells Fargo, Goldman Sachs, and Citigroup during his tenure.

Former hedge fund manager Bennett officially took office as Treasury Secretary last week. The wide-ranging agenda of this Trump economic policy advocate will include tax cuts, deregulation, and trade rebalancing. (Jinse Finance)

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