Treasury Secretary Basent is reported to temporarily lead the US Consumer Financial Protection Agency and is expected to relax supervision."
According to online reports, according to people familiar with the matter, U.S. Treasury Secretary Scott Bessant is currently serving as acting director of the U.S. Consumer Financial Protection Bureau, indicating that the Trump administration may change its strict law enforcement and supervision approach under Rohit Chopra. Chopra was previously dismissed by the Trump administration. During his tenure, the Biden era appointee imposed billions of dollars in fines and consumer compensation on banks such as Wells Fargo, Goldman Sachs and Citigroup. Former hedge fund manager Bessant officially became Treasury Secretary last week, and the broad agenda of Trump's economic policy spokesperson will include tax cuts, deregulation and trade rebalancing. (Jin Shi)
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