Trump Nominates Capital One's Brian Johnson to Lead CFPB as White House Seeks 2010 Agency Cuts
Updated
Updated · Reuters · Jun 10
Trump Nominates Capital One's Brian Johnson to Lead CFPB as White House Seeks 2010 Agency Cuts
3 articles · Updated · Reuters · Jun 10
Summary
Brian Johnson — Capital One executive and the CFPB's former No. 2 under Trump — was nominated Wednesday to run the consumer watchdog permanently.
Johnson has backed efforts to end the bureau's financial independence and cut its funding, matching a White House push to shrink the agency after court resistance to shutting it down.
Russell Vought, Trump's budget director, has been leading the CFPB on an interim basis while the administration says it still expects substantial workforce reductions.
Created by Congress in 2010 after the 2008 financial crash, the CFPB remains a partisan flashpoint, with Republicans calling it anti-business and Democrats warning cuts would weaken consumer protections.