On July 27, 2026, CFPB Deputy Director Mark Paoletta delivered remarks at a meeting of the Financial Literacy and Education Commission that left little doubt that the Bureau’s approach to financial education has undergone a dramatic philosophical shift under Acting Director Russell Vought. In his remarks, Paoletta sharply criticized former CFPB Director Rohit Chopra’s views on financial literacy while outlining the Bureau’s new priorities under the Trump Administration.… Continue Reading
CFPB People
Report: Russell Vought Expected to Remain at CFPB as Senior Adviser Pending Brian Johnson’s Confirmation
Posted in CFPB People, CFPB Supervision
According to a report by Eleanor Mueller of Semafor, Russell Vought is expected to remain at the Consumer Financial Protection Bureau in a senior adviser role after his service as Acting Director ends on August 1, continuing until Brian Johnson is confirmed by the Senate and sworn in as CFPB Director.… Continue Reading
CFPB Director nominee Brian Johnson won’t endorse eliminating the CFPB
By Ballard CFS Group on
Posted in CFPB, CFPB People
Testifying at his confirmation hearing, CFPB Director nominee Brian Johnson declined to endorse efforts to eliminate the agency.
Appearing before the Senate Banking, Housing and Urban Affairs Committee, Johnson said, “That is not my intention. The CFPB is a creature of statute.” He added, “My intention is to execute the law.”… Continue Reading
Vought tells Congress CFPB needs major changes, even abolishment
By Ballard CFS Group on
During recent Congressional Hearings Acting CFPB Director Russell Vought, testifying for the first time in that capacity, stated that the Trump Administration has succeeded in improving the structure and operation of the CFPB, but more work needs to be done.
In fact, in testimony before the Senate Committee on Banking, Housing, and Urban Affairs he said he would prefer that the agency be abolished.… Continue Reading
CFPB and NTEU Jointly Seek, and Obtain, Stay of Litigation Over Bureau’s Proposed Reduction-in-Force Pending Confirmation of Brian Johnson
In a noteworthy development in the ongoing litigation challenging the Trump Administration’s efforts to dramatically reduce the Consumer Financial Protection Bureau’s workforce, the CFPB and the National Treasury Employees Union (NTEU) have jointly asked the U.S. District Court for the District of Columbia to temporarily stay proceedings concerning the Bureau’s proposed 2026 reduction-in-force (RIF) plan.… Continue Reading
House and Senate Committees to hold CFPB hearings
By Ballard CFS Group on
Posted in CFPB, CFPB People
House and Senate committees next week will hold hearings on the “The Semi-Annual Report of the Bureau of Consumer Financial Protection.”
The hearings will mark the first time that Trump Administration CFPB officials will testify before Congress.
The House Financial Services Committee hearing will be held at 10 a.m. on July 15, while the Senate Banking, Housing and Urban Affairs hearing will be held at 10 a.m.… Continue Reading
D.C. Circuit Sends CFPB Restructuring Dispute Back to District Court While Retaining Jurisdiction Over En Banc Appeal
In a significant procedural development in the ongoing litigation over the future of the Consumer Financial Protection Bureau (“CFPB”), the en banc U.S. Court of Appeals for the District of Columbia Circuit has issued an order granting a limited remand to the district court in National Treasury Employees Union v. Vought, while denying the CFPB’s request to immediately modify the stay pending appeal.… Continue Reading
Trump Nominates Brian Johnson to Lead CFPB: A Strong Choice, But Is There Another Reason for the Timing?
By Alan S. Kaplinsky & Adam Maarec on
Posted in CFPB People
President Trump has nominated Brian Johnson for a five year term to serve as Director of the Consumer Financial Protection Bureau (CFPB). Johnson is the third nomination Trump has made to fill the position. The first two nominations were Jonathan McKiernan and Stuart Levenbach. Perhaps, the third time will be a charm.… Continue Reading
CFPB to end employee telework
By Ballard CFS Group on
Posted in CFPB, CFPB People
The CFPB is ending telework—a move that requires 1,100 employees to report to work five days a week to a new headquarters in Washington, D.C., The American Banker reported.
The publication reported that the bureau’s Chief Operating Officer, Adam Martinez, said in a memo that employees will begin moving to the new headquarters at 445 12th St.… Continue Reading
Paoletta to replace Vought as CFPB Acting Director
By Ballard CFS Group on
Posted in CFPB, CFPB People
CFPB Chief Legal Officer Mark Paoletta has been selected as the bureau’s Deputy Director—a move that reflects that Acting Director Russell Vought’s term is coming to a close and that Paoletta will succeed him, Bloomberg reports.
Under federal law, Vought cannot serve as Acting Director past August 1. However, under the Federal Vacancies Reform Act, a top deputy or other senior official may serve as Acting Director until a full-time agency head is confirmed by the Senate.… Continue Reading