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CFPB's Humility Pledge Sparks Controversy Amid Financial Crisis

11/25/2025

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Summary

Story summary

The Consumer Financial Protection Bureau (CFPB) announced a humility pledge for its financial examiners, led by acting director Russell T. Vought, to foster a relationship with financial institutions.
CFPB staff union criticized the pledge as creepy and called for Vought's resignation.
The bureau has halted most examinations and warned it may run out of operating cash next year.
Confidential exams identified issues, driving reimbursements and uncovering scandals, including Wells Fargo.

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Story summary

The Consumer Financial Protection Bureau (CFPB) announced a humility pledge for its financial examiners, led by acting director Russell T. Vought, to foster a relationship with financial institutions.
CFPB staff union criticized the pledge as creepy and called for Vought's resignation.
The bureau has halted most examinations and warned it may run out of operating cash next year.
Confidential exams identified issues, driving reimbursements and uncovering scandals, including Wells Fargo.