Gutted CFPB to Pose Challenges for Trump’s Choice to Lead It

Bloomberg Law quoted Eric Mogilnicki in an article about Brian Johnson, President Trump’s nominee to lead the Consumer Financial Protection Bureau (CFPB), and the potential direction of the agency under his leadership.

ccording to Eric, Johnson would likely seek to restore the collaborative regulatory approach that he and former CFPB Director Kathleen Kraninger implemented during President Trump’s first term. Eric suggested that a Johnson-led CFPB could place greater emphasis on engagement with industry stakeholders while advancing key policy and regulatory priorities.

“I would expect enforcement against fraudsters, fostering innovation, and modernizing regulations to be priorities in a Johnson administration,” Eric noted.