In a significant shakeup, President Trump has appointed Treasury Secretary Scott Bessent as the acting director of the Consumer Financial Protection Bureau (CFPB) following the firing of former director Rohit Chopra. On his first day in charge, Bessent ordered an immediate halt to all CFPB activities, a move that has sparked mixed reactions from lawmakers and consumer advocates. Senator Elizabeth Warren has expressed concern over the implications for consumer protection and has vowed to challenge changes to the CFPB under Trump’s administration. As the CFPB pauses its work, questions arise about the future direction of the agency and the potential impact on consumer financial protections.