Watch live: Trump pick to lead CFPB faces Senate confirmation hearing
Summary
Brian Johnson, chosen by President Trump to lead the Consumer Financial Protection Bureau (CFPB), is currently testifying before the Senate Banking Committee. The CFPB helps protect consumers from unfair financial practices. Russell Vought has been the acting head of the CFPB before this hearing.Key Facts
- Brian Johnson is President Trump’s nominee for director of the CFPB.
- Johnson worked in several roles at the CFPB during President Trump’s first term.
- The Senate Banking Committee is holding a confirmation hearing for Johnson.
- Russell Vought, the Director of the Office of Management and Budget, has been the temporary head of the CFPB.
- The CFPB focuses on protecting consumers in financial matters.
- This hearing is part of the Senate’s process to approve Johnson’s appointment.
- The CFPB leadership was vacant until Johnson’s nomination.
- The confirmation hearing is taking place on a Thursday morning.
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