Total freeze.
Scott Bessent, who was confirmed as Treasury secretary last week, has been named acting director of the Consumer Financial Protection Bureau. Bessent replaces Rohit Chopra, who was fired on Saturday.
In an internal email shared with NPR, staff members were instructed to immediately cease much of the bureau's work, "unless expressly approved by the Acting Director or required by law". That includes a halt on issuing or approving proposed or final rules or guidance, and suspending the effective dates of all final rules that have been issued but have not yet become effective.
Staff members were also instructed not to commence or settle enforcement actions, nor to issue any public communications of any type, including research papers. The directive was made "n order to promote consistency with the goals of the Administration," the email said.
Scott Bessent, who was confirmed as Treasury secretary last week, has been named acting director of the Consumer Financial Protection Bureau. Bessent replaces Rohit Chopra, who was fired on Saturday.
In an internal email shared with NPR, staff members were instructed to immediately cease much of the bureau's work, "unless expressly approved by the Acting Director or required by law". That includes a halt on issuing or approving proposed or final rules or guidance, and suspending the effective dates of all final rules that have been issued but have not yet become effective.
Staff members were also instructed not to commence or settle enforcement actions, nor to issue any public communications of any type, including research papers. The directive was made "n order to promote consistency with the goals of the Administration," the email said.
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