Trump Nominates Non-Financial Expert for CFPB
Update: 2025-11-19
Description
President Trumps nomination of Stuart Levenbach to lead the Consumer Financial Protection Bureau (CFPB) has sparked controversy due to Levenbachs lack of banking or financial services background. The CFPB, established to protect consumers in the financial marketplace, has been largely inactive since Trump took office. Levenbach, currently an associate director at the Office of Management and Budget, has expertise in natural resources, energy, science, and water issues. His nomination comes as the CFPB has been non-operational, with employees reportedly told not to work. The agencys primary activities have involved rolling back regulations. Russell Vought, President Trumps budget director, is currently serving as acting director, but Levenbachs nomination pauses the time limit under the Vacancies Act. The CFPB was created in response to the 2008 financial crisis to protect consumers and prevent predatory practices.
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