Original Source Material
On January 31, 2025, President Trump designated Secretary of the Treasury Scott Bessent as Acting Director of the Consumer Financial Protection Bureau (CFPB).
Statement on Designation of Treasury Secretary Scott Bessent as Acting Director of the Consumer Financial Protection Bureau
Summary
- Scott Bessent was designated as Acting Director of the Consumer Financial Protection Bureau on January 31, 2025.
- This designation impacts credit unions' compliance with consumer financial protection regulations.
Why It Matters for Texas Credit Unions
Relevant to all Texas CUs as it affects their compliance with federal regulations.