by Jedd Bellman, John Coleman, Amanda Lawrence, Olivia Ragoowansi, Clinton Rockwell, Katy Ryan, John Williams - Orrick, Herrington & Sutcliffe LLP - JD Supra
On Saturday, February 1, Rohit Chopra was dismissed as Director of the Consumer Financial Protection Bureau (CFPB), with Secretary Scott Bessent appointed as Acting Director that same day. The following weekend, Office of Management and Budget director Russell Vought was named the Acting Director and ordered the Bureau to halt virtually all supervisory, enforcement and litigation activity while new leadership reevaluates priorities.
Read more: https://www.jdsupra.com/legalnews/q-a-will-states-take-the-lead-in-4607676/