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

Fed releases agenda for upcoming conference on large bank capital requirements

Fed extends comment deadline for proposed updates to bank insider regulation

Compliance and Risk
October 2, 2026

The Federal Reserve has extended the comment period by a month for proposed changes to its regulation governing extensions of credit to bank “insiders,” such as board directors, executives and major shareholders.

Existing homes sales fell 4.3% in March 

ABA DataBank: Lock-in effect weighs on existing home sales

Economy
October 2, 2026

As mortgage rates rise, the “lock-in effect” is likely to intensify as more homeowners are discouraged from moving or buying another home, contributing to weaker existing home sales

Survey: Bank customers say youth need financial education

Report: Growing number of states mandate high school financial education

Financial Education
October 2, 2026

Twenty-nine states now require or will soon require that high schools offer comprehensive financial education for students, up from just three less than two decades ago, the National Endowment for Financial Education said in its most recent state...

ABA Fraudcast: YouTube star Kitboga on outsmarting scammers and teaming with banks

ABA Fraudcast: YouTube star Kitboga on outsmarting scammers and teaming with banks

Compliance and Risk
October 2, 2026

As AI accelerates fraud, a leading scam-fighter explains why technology and collaboration are critical to stopping it.

Maher named 2026-2027 chair of ABA’s American Bankers Council

Maher named 2026-2027 chair of ABA’s American Bankers Council

Community Banking
October 2, 2026

Christopher Maher has been named chair of ABA’s American Bankers Council for the 2026–2027 membership year. Maher is CEO of OceanFirst Financial Corp. and OceanFirst Bank, a New Jersey-based institution.

ABA DataBank: Healthcare led job gains in weaker September report

ABA DataBank: Healthcare led job gains in weaker September report

Economy
October 2, 2026

While the unemployment rate remains relatively low, a continued deterioration in labor market conditions could lead to some weakening in overall credit performance in the months ahead.

NEWSBYTES

Fed extends comment deadline for proposed updates to bank insider regulation

October 2, 2026

ABA DataBank: Lock-in effect weighs on existing home sales

October 2, 2026

Report: Growing number of states mandate high school financial education

October 2, 2026

SPONSORED CONTENT

The Shift from Demographic Marketing

The Shift from Demographic Marketing

October 1, 2026
Meeting Ag Lending Goals Without Going It Alone

Meeting Ag Lending Goals Without Going It Alone

October 1, 2026
Beyond the Portfolio: The Wealth Manager’s New Role in a Multigenerational World

Beyond the Portfolio: The Wealth Manager’s New Role in a Multigenerational World

September 17, 2026
Banking Technology at a Strategic Crossroads

Banking Technology at a Strategic Crossroads

September 8, 2026

PODCASTS

Podcast: Creating seamless customer experiences

September 30, 2026

Podcast: Telling a different kind of story about community banks

September 28, 2026

Podcast: Making the jump from a high performer to a high-performing leader

September 16, 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.