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 pauses planned workforce reduction

July 13, 2026
Reading Time: 1 min read
CFPB claims ‘complex’ pricing drives up cost of financial products

The Consumer Financial Protection Bureau has temporarily halted plans to shrink its current workforce by more than half until a new bureau director is in place, according to a court filing.

In March, the CFPB asked the U.S. Court of Appeals for D.C. for permission to implement a workforce restructuring plan to shrink the bureau’s staffing from 1,174 to 556 employees. CFPB Acting Director Russell Vought has previously sought to reduce the bureau’s headcount by 90%, prompting a lawsuit from the National Treasury Employees Union, which represents bureau employees.

President Trump has since nominated Brian Johnson to lead the CFPB. In a court filing, attorneys representing both the administration and the union said the bureau does not plan to implement the workforce reductions until Johnson has been confirmed as CFPB director.

“The parties agree that Mr. Johnson, if confirmed, should be given the opportunity to review the 2026 [reduction in force] plan and decide whether he would like to pursue it,” they said.

In related news, Vought is scheduled to deliver the CFPB’s semi-annual report to the House Financial Services Committee on Wednesday and the Senate Banking Committee on Thursday.

Tags: CFPB
ShareTweetPin

Related Posts

Fannie Mae updates servicing guidelines

Fannie Mae posts updates to its AI and cybersecurity requirements

Mortgage
October 27, 2026

Among the new requirements is a 36-hour cybersecurity incident reporting window requiring companies to provide Fannie Mae with “prompt” details about the incident, including the event date, details of actions taken and if the event caused suspension of...

Indexes: Monthly home prices are mixed, rise overall

Mortgage
October 27, 2026

According to the Federal Housing Finance Agency’s monthly House Price Index, U.S. house prices rose nationwide in August, up 0.3% from the previous month. House prices rose 2.4% from August 2025 to August 2026.

ABA elects officers, board members for 2026-2027

ABA elects officers, board members for 2026-2027

Community Banking
October 27, 2026

Members attending ABA Annual Convention in Salt Lake City elected new officers and directors to serve on ABA’s board for the 2026-2027 association year.

ABA Chair Cathy Owen to bankers: Tell your stories

ABA Chair Cathy Owen to bankers: Tell your stories

Community Banking
October 27, 2026

In her first address as chair of ABA, Cathy Owen, chair and CEO of State Holding Company and executive chair of Eagle Bank & Trust Company in Little Rock, Arkansas, outlined her priorities for the year ahead.

ABA survey: U.S. consumers wary of AI agents handling their money, bank account information

ABA survey: U.S. consumers wary of AI agents handling their money, bank account information

Newsbytes
October 27, 2026

As a growing number of companies offer AI agents to carry out everyday tasks, a new national survey conducted by Morning Consult on behalf of ABA finds that Americans are wary of using them to help manage their...

Federal appeals court strikes down the Fed’s debit card fee cap

Federal appeals court strikes down the Fed’s debit card fee cap

Legal
October 26, 2026

Court says the Fed must rewrite the rule capping how much banks can charge for processing debit card transactions. ABA called the decision disappointing,

NEWSBYTES

Fannie Mae posts updates to its AI and cybersecurity requirements

October 27, 2026

Indexes: Monthly home prices are mixed, rise overall

October 27, 2026

ABA elects officers, board members for 2026-2027

October 27, 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: Proactively managing the core provider relationship

October 22, 2026

Podcast: How community banks can keep farmers farming in turbulent times

October 14, 2026

Podcast: The birth of American money and how it triggered a revolution

October 8, 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.