Scott Bessent, the new secretary of the Department of the Treasury under the Trump administration, made headlines twice on Monday — once for his appointment as acting director of the Consumer Financial Protecture Bureau (CFPB) and again for his order to CFPB staff to halt all bureau activities.
The share of reverse mortgage complaints to the CFPB last year accounted for roughly 1.4% of the total number of mortgage complaints submitted to the bureau.