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Chairman Hill Applauds as Treasury Secretary Scott Bessent is Named Acting Director of the CFPB
Washington,
February 3, 2025 -
House Financial Services Committee Chairman French Hill (AR-02) today released the following statement after Treasury Secretary Scott Bessent was named Acting Director of the Consumer Financial Protection Bureau (CFPB).
“I applaud the selection of Treasury Secretary Scott Bessent as Acting Director of the CFPB. Former Director Chopra’s repeated regulatory overreach wreaked havoc on our financial system to the detriment of the consumers his agency was created to protect. His removal is a critical step in restoring Americans’ faith in our financial regulators. I look forward to working with Acting Director and Treasury Secretary Bessent to finally rein in this unaccountable agency by putting the CFPB under the appropriations process, making it a bipartisan commission, and providing appropriate statutory guardrails.”
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