Ending the conservatorship during the current Trump administration appears unlikely. It’s also unclear whether GSE pricing for VS4 loans will be adjusted again.
The president is getting more assertive in using the GSEs to achieve political and policy objectives, according to Jaret Seiberg, an analyst at TD Cowen Washington Research Group.
In 2025, the CFPB didn’t engage in any fair lending supervisory or enforcement activity; instead, it closed about 180 prior supervisory actions related to fair lending.
An Oregon district court judge last month held that the combined earnings of the Federal Reserve refers to the central bank’s revenue before expenses are subtracted.
The guidance reaffirms that civil rights laws allow state attorneys general to fight intentional and disparate-impact discrimination, despite actions taken by the Trump administration and federal agencies.
Ahead of the vote, Sen. Elizabeth Warren, D-MA, ranking member of the banking committee, released Johnson’s responses to her Questions for the Record following his nomination hearing in July.
Former CFPB officials said reform efforts are necessary, but that they should stabilize the bureau and create continuity in its mission, even when there are changes in leadership.
The OIG said the termination of contracts as part of cost-cutting efforts impacted the CFPB’s consumer complaint database, research, monitoring and regulations division and office of financial education.