Trump Taps Capital One’s Brian Johnson to Lead Hobbled CFPB

June 10, 2026, 9:40 PM UTC

President Donald Trump nominated an executive at Capital One Financial Corp. to lead the Consumer Financial Protection Bureau, as the administration pushes to lay off about half of its remaining staff following hundreds of departures.

Brian Johnson, who got the White House’s nod Wednesday to serve as the CFPB’s next full-time director, previously served as the agency’s deputy director during Trump’s first term.

Acting CFPB Director Russell Vought’s tenure is set to expire in August. Vought took over the CFPB in February 2025.

The White House had previously nominated Stuart Levenbach, an official at the Office of Management and Budget, ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.