Newly confirmed Treasury Secretary Scott Bessent is now also the acting director of the Consumer Financial Protection Bureau.

The move follows the ousting of a career official who rebuffed attempts to use the payment system to stop federal spending.

In what appears to be yet another move to consolidate parts of the federal government, President Donald Trump has appointed ...

The secretary replaces Rohit Chopra, who had aggressively sought to expand the bureau’s authority over banks and other ...

A top Treasury official plans to resign after a fight with Elon Musk’s allies over access to a sensitive payment system.

Bessent, 62, is a longtime hedge fund manager, Trump donor and adviser. He'll be the point person for Trump on a host of key ...

Musk’s allies repeatedly demanded access to sensitive government payment systems, according to the Washington Post.

The department said that no payments would be interrupted and that it was conducting a review of the integrity of the system.

President Donald Trump has tasked Treasury Secretary Scott Bessent with serving as the acting director of the Consumer ...

President Donald Trump has made Treasury Secretary Scott Bessent the acting director of the Consumer Financial Protection ...

Treasury Secretary Steven Kennedy has defended his department from accusations of politicisation, after it modelled alternate ...

In what appears to be yet another move to consolidate parts of the federal government, President Donald Trump has appointed ...