The Consumer Financial Protection Bureau has suspended most of its operations following Treasury Secretary Scott Bessent's instruction to cease rule-making and regulation enforcement. Acting director Bessent, who assumed the role after President Trump dismissed Rohit Chopra, explained that the pause is intended to align the Bureau's actions with the administration's objectives. Democratic Senator Elizabeth Warren criticized Bessent's directive, claiming it goes against President Trump's commitment to reducing expenses for families. Business organizations have backed Bessent's leadership, seeing it as an opportunity to undo what they perceive as excessively stringent regulations.