Trump Taps OMB's Stuart Levenbach to Head Consumer Watchdog, Signaling Regulatory Shift

4 hours ago7 min read

President Trump has nominated Stuart Levenbach, an associate director at the Office of Management and Budget, to serve as the permanent director of the Consumer Financial Protection Bureau (CFPB). Levenbach, whose professional background is in natural resources and science, would lead the powerful financial watchdog agency created in the aftermath of the 2008 crisis to protect consumers from abusive banking practices.The nomination marks a pivotal moment in the administration's ongoing effort to reshape the agency, which has shifted from an aggressive enforcer under the previous administration to one that has largely focused on rolling back its own regulations. By selecting a candidate from the OMB—where he currently works under Director Russell Vought, who has been serving as the CFPB's acting director—the administration is leveraging the Vacancies Act to maintain control of the bureau without immediate Senate confirmation.Critics argue that appointing a leader without direct experience in banking or consumer finance risks undermining the agency's core mission and could leave consumers vulnerable. The coming Senate confirmation battle is expected to be a major test of the bureau's future direction and the balance of power in financial regulation.

#CFPB

#Stuart Levenbach

#nomination

#Trump administration

#government agency

#featured

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