The bureau’s draft strategic plan for fiscal year 2026 through fiscal year 2030 included many of the same objectives the agency has already been promoting, such as debanking and deregulation.
Sen. Elizabeth Warren, D-MA, though raised concerns about efforts by CFPB Acting Director Russell Vought and the Trump administration to “sideline” the CFPB.
In recent court filings, the CFPB cited a memo from the Department of Justice that said the Federal Reserve currently lacks “combined earnings” from which the bureau can draw.