The Consumer Financial Protection Bureau is likely to reverse Biden-era rules and significantly scale back its regulatory agenda after President-elect Donald Trump puts new leadership atop the agency.
Trump didn’t make financial regulation a central part of his successful campaign to retake the presidency, but Project 2025—the Heritage Foundation blueprint for a Republican return to the White House—called for eliminating the agency entirely.
That seems unlikely.
Instead, Trump is expected to fire the CFPB’s Biden-appointed director, Rohit Chopra, soon after taking office in January.
The CFPB will likely focus less on writing ambitious regulations and prescriptive guidance documents, and instead ...