RSSThe Consumer Financial Protection Bureau recently instituted a “Humility in Supervision Pledge,” starting with the 2026 examination cycle.
The CFPB plans to limit examinations to areas with “direct consumer-harm implications,” according to the report, which was released last month. Supervised entities will have advance notice before examinations start, and examiners will “limit their information requests to what is necessary, avoid expansive datasets or unrelated demands, and tailor follow-up requests to material needs,” according to the bureau. The usual eight-week examination window is expected to be shortened.
According to the CFPB, the pledge, taken under Acting Director Russell Vought, marks a shift from “the aggressive supervision tactics of the prior administration and toward a more restrained, transparent and collaborative regulatory approach.”
The pledge is a sign of the drastic shift in approach under Vought from former Director Rohit Chopra. The Trump administration has significantly cut back on staffing the bureau during his second term. Last month, the administration declared the CFPB’s funding mechanism through the Federal Reserve illegal, placing the bureau on pace to close early next year when its remaining funds run out.
