CFPB’s Supervision Division Releases New 'Humility Pledge'

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Washington, D.C.—Today, the CFPB made changes to how the Supervision Division conducts exams. Previously, under the leadership of Director Chopra and Biden’s Director of Supervision Lorelei Salas, a former Soros activist who was put on leave in February 2025, this division was the weaponized arm of the CFPB.

Under President Trump and Director Vought’s leadership, that is no longer the case. Starting today, Supervision Division Examiners will be reading a ‘Humility Pledge’ to each supervised entity before conducting exams. Where these exams were previously done with unnecessary personnel, outrageous travel expenses, and with the thuggery pervasive in prior leadership, they will now be done respectfully, promptly, professionally, and under budget.

No longer will the CFPB Supervision Division ask invasive and irrelevant questions, demanding expansive information they do not need.

Although supervisory information itself is confidential, how the CFPB approaches supervisions is not. The statement below will be provided to all examiners to be read to a supervised entity at the beginning of the examination.

The upcoming Supervision examination cycle is going to be fundamentally different from the prior ones under the former Director Chopra. For 2026 examinations, in line with the Memorandum on Supervision and Enforcement Priorities (April, 2025) the Bureau will focus its supervision resources on pressing threats to consumers, particularly service members and their families, and veterans, and in the areas that are clearly within the Bureau’s statutory authority. The Bureau will also avoid, where possible, duplication of supervision, where States or other regulators are already doing that job.

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Read the original at the source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-supervision-division-releases-new-humility-pledge/

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September 18, 2026 11:34
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