{"id":14001,"date":"2026-06-10T23:02:09","date_gmt":"2026-06-10T23:02:09","guid":{"rendered":"https:\/\/siliconvalleymovingpost.com\/?p=14001"},"modified":"2026-06-10T23:02:09","modified_gmt":"2026-06-10T23:02:09","slug":"trump-names-former-cfpb-official-brian-johnson-to-be-agencys-next-permanent-director","status":"publish","type":"post","link":"https:\/\/siliconvalleymovingpost.com\/?p=14001","title":{"rendered":"Trump names former CFPB official Brian Johnson to be agency\u2019s next permanent director"},"content":{"rendered":"
\n

By KEN SWEET<\/strong><\/p>\n

NEW YORK (AP) \u2014 President Donald Trump on Wednesday named Brian Johnson as his choice to be the next director of the Consumer Financial Protection Bureau, turning to a trusted former aide and financial services executive who helped run the CFPB during his first term to now run the bureau for the rest of his second term in office.<\/p>\n

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Johnson was the deputy director of the bureau under Trump\u2019s first CFPB director, Kathy Kraninger, and was known for being a powerful aide to Kraninger during her tenure who had significant leeway in deciding what the bureau should or should not work on. Since leaving the CFPB in 2020, Johnson worked at Patomak Global Partners and was most recently a senior executive at the credit card giant Capital One.<\/p>\n

If confirmed by the Senate, Johnson will inherit a bureau that\u2019s largely been inoperable since Trump came back into office and put his budget director, Russell Vought, in charge on an acting basis. Much of the bureau\u2019s recent activity has directed at unwinding its previous work.<\/p>\n

Congress created the CFPB in the aftermath of the 2008 financial crisis and subsequent recession, designed to operate as an independent financial regulator with broad enforcement authority over consumer financial products and services. Republicans have long seen the CFPB as an agency with too much centralized power and unaccountable to Congress, and they have repeatedly attempted to diminish it since its creation.<\/p>\n

Johnson has long been a vocal critic of the bureau\u2019s work, particularly under President Joe Biden\u2019s choice to run the bureau, Rohit Chopra. However, Johnson\u2019s previous public statements about the bureau differ significantly from Vought, who has publicly said he would like the CFPB shut down or eliminated. Vought\u2019s tenure as acting director will run out in August.<\/p>\n

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While Johnson testified in 2023 to the House Financial Services Committee that the bureau is \u201cripe for reform\u201d either by Congress or internally, he believed that \u201cproperly structured and managed, (the CFPB) is capable of great good.\u201d<\/p>\n

Lindsey Johnson, the president and CEO of the banking industry lobby group Consumer Bankers Association, described Johnson as having a \u201ctenured background steeped in consumer protection policy.\u201d Lindsey Johnson is unrelated to Brian Johnson.<\/p>\n

\n<\/div>\n

Johnson\u2019s nomination will go to the Senate Banking Committee, where Sen. Elizabeth Warren, the bureau\u2019s biggest advocate, is now the top-ranking Democrat on the committee. Warren was a critic of Johnson when he was deputy director of the bureau during Trump\u2019s first term, and was also critical of Johnson\u2019s nomination.<\/p>\n

\u201cRuss Vought can no longer serve as Donald Trump\u2019s hatchet man at the CFPB. So here comes the next hatchet man to try to finish the job,\u201d Warren said in a statement.<\/p>\n

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Johnson was the deputy director of the bureau under Trump’s first CFPB director, Kathy Kraninger.<\/p>\n","protected":false},"author":1,"featured_media":14000,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,2],"tags":[],"class_list":["post-14001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-based-on-facts-either-observed-and-verified-directly-by-the-reporter-or-reported-and-verified-from-knowledgeable-sources","category-news"],"yoast_head":"\nTrump names former CFPB official Brian Johnson to be agency\u2019s next permanent director - Silicon Valley Moving Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/siliconvalleymovingpost.com\/?p=14001\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump names former CFPB official Brian Johnson to be agency\u2019s next permanent director - 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