{"id":5579,"date":"2025-02-05T10:26:33","date_gmt":"2025-02-05T16:26:33","guid":{"rendered":"https:\/\/niada.com\/dashboard\/?p=5579"},"modified":"2025-02-05T10:26:34","modified_gmt":"2025-02-05T16:26:34","slug":"new-leadership-named-for-cfpb-agency-pauses-new-rules","status":"publish","type":"post","link":"https:\/\/niada.com\/dashboard\/new-leadership-named-for-cfpb-agency-pauses-new-rules\/","title":{"rendered":"New leadership named for CFPB; agency pauses new rules"},"content":{"rendered":"\n<p>There will be new leadership at the Consumer Financial Protection Bureau.<\/p>\n\n\n\n<p>Director Rohit Chopra is out at the agency, and President Donald Trump has named recently-confirmed Treasury Secretary Scott Bessent as the acting head of CFPB.<\/p>\n\n\n\n<p>\u201cI look forward to working with the CFPB to advance President Trump\u2019s agenda to lower costs for the American people and accelerate economic growth,\u201d said Secretary Bessent in a press release.&nbsp;<\/p>\n\n\n\n<p>According to Politico and other reports, <a href=\"https:\/\/www.politico.com\/news\/2025\/02\/03\/bessent-consumer-bureau-chief-00202076\" target=\"_blank\" rel=\"noopener\">Bessent ordered employees<\/a> to not issue or approve any proposed or final rules, and were also told to suspend all final rules that have been issued but that have not yet become effective.<\/p>\n\n\n\n<p>Representatives of the CFPB are scheduled to appear at the NIADA Convention and Expo in June to discuss the direction of the agency. &nbsp;<\/p>\n\n\n\n<p>Also in Washington, after being confirmed by the U.S. Senate, Sean Duffy was sworn in as the Secretary of the U.S. Department of Transportation last week.<\/p>\n\n\n\n<p>Duffy immediately signed a memorandum instructing his staff to start work on resetting the Corporate Average Fuel Economy standards.<\/p>\n\n\n\n<p>Duffy said the memorandum reduces the burdensome and overly restrictive fuel standards that have needlessly driven up the cost of a car.<\/p>\n\n\n\n<p>\u201cThe American people should not be forced to sacrifice choice and affordability when purchasing a new car,\u201d he said.<\/p>\n\n\n\n<p>Andrew Ferguson took over officially as the Chairman of the Federal Trade Commission Jan. 20.<\/p>\n\n\n\n<p>Ferguson was already a member of the FTC commission and did not require senate approval.<\/p>\n","protected":false},"excerpt":{"rendered":"There will be new leadership at the Consumer Financial Protection Bureau. Director Rohit Chopra is out at the&hellip;\n","protected":false},"author":1,"featured_media":4850,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"csco_singular_sidebar":"","csco_page_header_type":"","csco_appearance_grid":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[10,39,3],"tags":[],"class_list":{"0":"post-5579","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-advocacy","8":"category-compliance","9":"category-industry","10":"cs-entry","11":"cs-video-wrap"},"_links":{"self":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts\/5579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/comments?post=5579"}],"version-history":[{"count":0,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts\/5579\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/media\/4850"}],"wp:attachment":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/media?parent=5579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/categories?post=5579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/tags?post=5579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}