ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Compliance and Risk

CFPB nominee Johnson pledges to restore accountability at agency

July 23, 2026
Reading Time: 2 mins read
CFPB nominee Johnson pledges to restore accountability at agency

Brian Johnson testifies before the Senate Banking Committee on July 23.

President Trump’s nominee to lead the Consumer Financial Protection Bureau told lawmakers today that he would promote accountability at the agency by ensuring it acts within statutory limits, and that he would keep an “open mind” about the bureau’s staffing.

Brian Johnson appeared before the Senate Banking Committee for a hearing on his nomination to lead the CFPB, which has been without a full-time director since the firing of former Director Rohit Chopra last year. Both Trump and CFPB Acting Director Russell Vought have said they want to shutter the bureau, and the administration is seeking permission from a federal court to trim the agency’s existing staff by more than half.

Johnson previously served as deputy director of the CFPB during Trump’s first term and is currently an executive at Capitol One. In his opening remarks, Johnson said his previous experience at the bureau reinforced his conviction that consumer protection “is not a zero-sum game.”

“To the contrary, where the CFPB tries to remake markets according to an ideological agenda, it deprives consumers of choice, restricts their access to financial products and services, and drives up costs for providers, which are ultimately borne by customers and investors,” he said.

Johnson said he will have three goals at the CFPB: Protecting consumers, especially from fraud and scams; promoting accountability by ensuring the bureau acts within its statutory bounds; and modernizing the agency’s operations. He also pledged to keep an open mind about staffing levels.

“My understanding of the state of litigation is that I’ll have the opportunity to make those judgements,” he said about staffing.

NCUA nomination advances

In addition to the nomination hearing, the committee held an executive session during which senators voted along party lines to advance the nomination of Treasury Department staffer John Crews to join the National Credit Union Administration board.

If confirmed by the Senate, Crews will likely lead the NCUA as its sole board member, given Chairman Kyle Hauptman intends to step down to become a member of the Public Company Accounting Oversight Board.

The NCUA board typically has three members, but Trump last year fired Democrats Todd Harper and Tanya Otsuka despite both having several years left in their terms.

Tags: CFPBCFPB reformCongressCredit unions
ShareTweetPin

Related Posts

Hispanic business group warns Clarity Act will harm local lending

Hispanic business group warns Clarity Act will harm local lending

Commercial Lending
July 23, 2026

A market structure bill for digital assets threatens to weaken the financial ecosystem supporting Hispanic-owned businesses by spurring the migration of deposits from federally insured financial institutions to cryptocurrency platforms that don’t offer lending, the U.S. Hispanic Chamber...

FDIC issues relief guidance for Mississippi, Tennessee banks affected by storms

FDIC issues relief guidance for Louisiana, Mississippi banks affected by storms

Compliance and Risk
July 22, 2026

The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Louisiana and Mississippi affected by severe weather.

GAO: Systemic risk exception for 2023 bank failures likely prevented further instability

Is the FDIC’s 2% Designated Reserve Ratio still the right target?

Economy
July 22, 2026

The FDIC’s 2% Designated Reserve Ratio was developed using information available during the financial crisis. Subsequent experience and structural changes in the banking system raise the question of whether the original calibration remains appropriate today.

FDIC proposes defining unsafe and unsound practices, removing reputational risk

Rethinking the reserve ratio

Economy
July 22, 2026

Should the denominator reflect the assessment base? A technical analysis

ABA urges ‘same risk, same regulation’ for digital assets

ABA, associations: Updated crypto market structure bill still puts local lending at risk

Newsbytes
July 22, 2026

The latest version of a proposed market structure bill for digital assets still puts at risk the local lending that drives economic activity in the U.S, ABA and five other banking sector associations said in a joint statement.

Americans cite branch availability as reason for bank choice

Main Street Capital Access Act would extend CDFI bond guarantee program

Community Banking
July 22, 2026

A major bank policy bill passed by the House includes language to help smaller community development financial institutions and require annual reports to Congress on the state of the CDFI Fund.

NEWSBYTES

CFPB nominee Johnson pledges to restore accountability at agency

July 23, 2026

Hispanic business group warns Clarity Act will harm local lending

July 23, 2026

FDIC issues relief guidance for Louisiana, Mississippi banks affected by storms

July 22, 2026

SPONSORED CONTENT

Why Your Systems Keep Slowing Down — and What to Do About It

Examiners Are Now Looking at Your Non-Core Systems

June 11, 2026
Your Floorplan Audit and Your Credit Decision Are Weeks Apart. That Gap Has a Price.

Your Floorplan Audit and Your Credit Decision Are Weeks Apart. That Gap Has a Price.

June 1, 2026
A Modern Blueprint for Serving High-Net-Worth Families

A Modern Blueprint for Serving High-Net-Worth Families

May 28, 2026
Why Your Systems Keep Slowing Down — and What to Do About It

AI Is in Your Bank. Is Your Cloud Contract Governing It?

May 20, 2026

PODCASTS

Podcast: Understanding the 2025 Home Mortgage Disclosure Act data

July 8, 2026

Podcast: Financing America’s independence

June 29, 2026

Podcast: Talent and innovation in community banking

June 18, 2026

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2026 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2026 American Bankers Association. All rights reserved.