US Senate panel votes to advance Trump pick for consumer watchdog

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September 17, 2026 10:33 AM EDT

The name and logo for the Consumer Financial Protection Bureau (CPFB) is seen scraped off the door of its building in Washington, D.C., U.S., February 20, 2025. REUTERS/Brian Snyder

WASHINGTON, Sept ‌17 (Reuters) - A ​U.S. ​Senate panel on Thursday voted along party lines ‌to advance President Donald Trump's nomination ⁠of Capital One executive Brian Johnson ‌to lead the Consumer ‌Financial Protection Bureau, setting up a vote by the full Senate.

The ​Republican-led Senate Banking Committee voted 13-11 to approve Johnson's ⁠nomination over Democratic objections that he is too ​close to the industry he would be expected to oversee ​and that the White ‌House put forward his name after initially seeking ⁠to destroy the CFPB outright.

It was not immediately clear when the full ⁠Senate could take up Johnson's nomination. However, ​the Trump administration has said it paused previous plans to fire the vast ‌majority of CFPB staff to allow Johnson, who served ‌as the CFPB's deputy director during ⁠the first ‌Trump administration, to ​consider whether to pursue them.

(Reporting by Douglas Gillison in ‌Washington)


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