It is reported that Treasury Secretary Vincent will temporarily lead the U.S. Consumer Financial Protection Bureau, which is expected to ease regulations

US Treasury Secretary Scott Bescent is now acting head of the Consumer Financial Protection Bureau, according to people familiar with the matter, signalling a possible shift in the Trump administration's strict approach to enforcement and regulation under Rohit Chopra, who was ousted by the Trump administration. The Biden-era appointee has imposed billions of dollars in fines and consumer compensation on banks including Wells Fargo, Goldman Sachs and Citigroup during his tenure. Mr. Bescent, the former hedge fund manager who formally took over as Treasury secretary last week, will have a broad agenda that includes tax cuts, deregulation and trade rebalancing.