On June 18, 2025, American Banker quoted Jonathan Pompan on personnel changes that Consumer Financial Protection Bureau (CFPB) Director Russell Vought is contemplating. According to the article, one possible change could entail reducing the number of CFPB staff.
American Banker reported that some practitioners think the Federal Trade Commission (FTC) may move into spaces the CFPB previously handled. However, devolving consumer protection to the FTC “means enforcement is inherently less predictable — more episodic than systemic — which can create uncertainty for businesses trying to operate in good faith without the benefit of clear, ongoing regulatory engagement,” said Pompan.
At this moment, consumer financial services law remains unchanged. “Even so, without routine supervisory engagement or consistent agency guidance,” Pompan noted, “it's harder to benchmark expectations, and companies are left with broad enforcement powers and to read between the lines of past enforcement actions that may reflect one-off priorities rather than durable policy positions.”
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