Linda Moore President and CEO at TechNet | Official website
TechNet, a bipartisan network of innovation economy leaders, issued a statement today regarding reports that the Trump Administration plans to appoint Treasury Secretary Scott Bessent to oversee the Consumer Financial Protection Bureau (CFPB). The statement was made by Carl Holshouser, TechNet's Executive Vice President.
Holshouser expressed support for Bessent's interim leadership at the CFPB. "Secretary Bessent at the helm of the CFPB until a new director can be confirmed is a welcome step," he stated. He further added that TechNet anticipates collaborating with Secretary Bessent to address issues stemming from what they describe as an "expansive power grab" by former Director Chopra and to refocus the bureau on its statutory responsibilities.
The appointment is pending confirmation of a new director for the CFPB.
