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Scott Bessent has been appointed as the acting director of the Consumer Financial Protection Bureau (CFPB) and Secretary of the Treasury. Various members of the Financial Services Committee expressed their support for Bessent's leadership. Chairman French Hill emphasized the need for reforms to increase accountability by placing the CFPB under the appropriations process and transitioning it to a bipartisan commission. Bessent stated his commitment to advancing President Trump's agenda, focusing on lowering costs for Americans and stimulating economic growth. Representatives expressed optimism about Bessent's clear plan and his focus on prioritizing American interests.
I had an especially informative meeting with our new Secretary of the Treasury Scott Bessent as part of our Financial Services Committee retreat. I appreciated his insight on the current state America’s financial systems... https://t.co/SPROL5Mpw1
“I look forward to working with the CFPB to advance President Trump’s agenda to lower costs for the American people and accelerate economic growth,” Secretary Scott Bessent said in a statement. https://t.co/TMNONNzLVi
FSC House Republicans had a great evening with Treasury Secretary and acting CFPB Director, Scott Bessent! Secretary Bessent has a clear plan and is focused on all things America First! Big things ahead! 🇺🇸 https://t.co/k7eCcmG2dR