Bessent, as acting consumer bureau chief, pauses all rules and lawsuits
CFPB staff was told to refrain from issuing public communications, halt activities including rules and settlements and ...
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Rule capping overdraft fees may be overturned by Congress
A Congressional committee is moving to overturn a new rule that caps overdraft fees. On Friday, the House Financial Services ...
Bessent Freezes Consumer Financial Protection Bureau Work Leaving Lawsuits Against JPMorgan, Bank Of America, Capital One In Limbo
Treasury Secretary Scott Bessent on Monday ordered a halt to the majority of work at the Consumer Financial Protection Bureau ...
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Chopra leaves CFPB in widely expected move
President Donald Trump designated Treasury Secretary Scott Bessent as the bureau’s acting chief, according to a statement ...
Why Wells Fargo favors industrial stocks despite new tariffs as S&P 500 stumbles
The industrial sector is one area of the U.S. stock market that looks favorable to Wells Fargo Investment Institute after new ...
Consumer Financial Protection Bureau shakeup: Chopra out, Bessent in charge
Trump fired Rohit Chopra, the agency's director and a Biden appointee, over the weekend and installed Scott Bessent, a ...
Ali Velshi: To Wall Street's delight, Trump fires the man in charge of protecting American consumers
Ali Velshi explains how a recent Trump firing could allow him to rollback consumer protections that directly affect the ...
Investors wade into bank debt as tariffs bite and key bank regulator is replaced
Spreads on bonds issued by major banks widened over U.S. Treasurys and money flowed in on Monday, in a sign that Wall Street is wading into the sector on the heels of President Donald Trump's fresh ...
Treasury Secy. Scott Bessent appointed acting head of CFPB
Treasury Secretary Scott Bessent will also serve as the acting head of the Consumer Financial Protection Bureau (CFPB) after ...
Millennials reimagine retirement: ‘The end game might not be … sitting on my Adirondack chair'
More than one-third, or 37%, of Americans want a retirement that looks different from previous generations, a recent report ...
Consumer protections halted as Treasury Secretary takes over acting bureau role
Treasury Secretary Scott Bessent is now the acting head of the US Consumer Financial Protection Bureau, signaling a potential ...