President Trump Appoints Brian Johnson as CFPB Director, Awaiting Senate Confirmation
President Donald Trump has nominated Brian Johnson to be the new director of the Consumer Financial Protection Bureau (CFPB). Johnson, a former deputy director of the bureau under Trump's first CFPB director, Kathy Kraninger, is a trusted former aide and financial services executive. Since leaving the CFPB in 2020, Johnson has worked at Patomak Global Partners and was most recently a senior executive at Capital One. If confirmed by the Senate, Johnson will take over a bureau that has been largely inactive since Trump returned to office and appointed his budget director, Russell Vought, as acting director. The CFPB, created after the 2008 financial crisis, has been a point of contention, with Republicans often criticizing its centralized power. Johnson has been a vocal critic of the bureau's work under President Joe Biden's appointee, Rohit Chopra, but believes the CFPB can be effective if properly managed. 
