Cfpbвђ™s New Director Is No Fan Of Banks -

CFPB Settles First Action Under New Leadership - Mayer Brown

While Chopra was a "protege" of Elizabeth Warren and focused on curbing what he saw as abusive banking practices, Vought’s leadership marks a "deregulatory push" aimed at "right-sizing" or even shuttering the bureau.

Unlike his predecessor, Rohit Chopra—who was often described as "no fan of banks" due to his aggressive enforcement and "regulatory assaults" on financial institutions—Vought represents a different kind of opposition. His stance is not one of aggressive oversight, but of fundamental opposition to the agency's very existence. A New Philosophy of Opposition

The phrase "CFPB’s New Director is No Fan of Banks" highlights a significant shift in leadership and philosophy at the Consumer Financial Protection Bureau (CFPB) . As of April 2026, the current , who also serves as the Director of the Office of Management and Budget.