Budget Chief Russ Vought Takes Over as CFPB Acting Director

Vought has called for the return of the Consumer Financial Protection Bureau functions to banking regulators and the Federal Trade Commission.

Russell Vought, President Donald Trump's nominee to be director of the Office of Management and Budget, testifies before a Senate Budget Committee confirmation hearing on Capitol Hill in Washington on Jan. 22, 2025. Kaylee Greenlee Beal/Reuters

Russ Vought, the newly appointed White House budget director, has also been tapped to lead the Consumer Financial Protection Bureau (CFPB), according to the Office of Management and Budget (OMB).

Vought, who was confirmed as the White House budget chief in a 53–47 Senate vote on Feb. 6, was named acting director of the CFPB on Friday, per OMB, as cited by Reuters.