Treasury Secretary Scott Bessent has been appointed as the acting director of the Consumer Financial Protection Bureau (CFPB), as announced by the CFPB on Monday morning. The appointment was made on Friday, following the termination of Rohit Chopra, the previous director, at the beginning of the weekend. In a letter posted on Saturday, Chopra confirmed the end of his term.
This is not the first instance where President Donald Trump has named an acting director for the agency who also held another full-time job in his administration. In November 2017, Mick Mulvaney was appointed as acting director while serving as the head of the Office of Management and Budget. Mulvaney served in the acting director role for over a year until Kathy Kraninger was confirmed as the next director by the Senate.
