RSSTrump CFPB nominee lays out views in nomination hearing
Consumer Financial Protection Bureau Director-nominee Brian Johnson said the agency would fulfill its statutory obligations if he is approved to lead the bureau.
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CFPB Acting Director calls for Congressional funding mechanism
Acting Director Russell Vought sees the agency he leads as broken and in need of facing the Congressional appropriations process. Vought outlined his support for overhauling the Consumer Financial Protection Bureau’s funding from a standalone agency July 15 during an at-times intense three-hour testimony before the House Financial Services Committee. “The bureau remains structurally defective,” …
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CFPB updates consumer complaints process
The Consumer Financial Protection Bureau recently overhauled its consumer complaints process to cut down on alleged abuse and to increase efficiency. Changes include: Updating the CFPB’s portal manual so consumer reporting agencies have a standardized process to address complaints. Launching two-factor authentication, requiring users to verify their email address and mobile phone number when creating …
Trump nominates CFPB director
President Donald Trump nominated financial executive Brian Johnson to be director of the Consumer Financial Protection Bureau.
GOP blocks Democrat proposal to strengthen CFPB
House Democrats last month introduced a bill to strengthen the Consumer Financial Protection Bureau. Senate Republicans rejected the measures in a roll call vote as the midterm elections loomed.
Trump proposes 50 percent cut in CFPB workforce
The Trump administration recently asked a federal appeals court to cut the current workforce of the Consumer Financial Protection Bureau 50 percent, according to a court filing. The request to reduce the bureau’s staffing to 556 employees from 1,174 was filed April 1 in the U.S. Court of Appeals for the District of Columbia Circuit. …
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Trump orders changes to mortgage regulations
President Donald Trump last week directed federal regulators — including the Consumer Financial Protection Bureau — to cut back on mortgage regulations to enable greater community bank involvement in the sector. Trump’s executive order, issued March 13, directed changes to Regulation Z of the Truth in Lending Act to tailor ‘ability-to-replay’ and a potentially broader …
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Democrats call for stop to CFPB winddown
Nearly 200 Democrats and independent members of Congress recently filed an amicus brief calling on courts to stop what they see as the Trump administration’s push to dismantle the Consumer Financial Protection Bureau.
CFPB withdraws Biden-era guidance on immigrants, credit
The Consumer Financial Protection Bureau and Department of Justice recently withdrew guidance warning lenders of the legal risks surrounding considering immigration status for credit.
CFPB introduces “Humility Pledge” for supervision exams
The Consumer Financial Protection Bureau recently instituted a “Humility in Supervision Pledge,” starting with the 2026 examination cycle.
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