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Leadership change in CFPB by May 2025
5
Consumer Financial Protection Bureau•CFPB•Clarence Thomas•Fifth Circuit•Biden•Samuel Alito•Neil Gorsuch
Resolution / Starting Odds
Change in CFPB Director • 50%
No change in leadership • 50%
Official CFPB announcements or credible news sources
Story
Supreme Court Upholds CFPB Funding Structure in 7-2 Decision on Thursday
May 16, 2024, 02:23 PM
The U.S. Supreme Court has upheld the funding structure of the Consumer Financial Protection Bureau (CFPB) in a 7-2 decision on Thursday, ruling that it complies with the Constitution's Appropriations Clause. Justice Clarence Thomas authored the majority opinion, reversing a lower court ruling from the Fifth Circuit. The decision is a significant victory for the Biden administration and a setback for conservative critics and the payday loan industry, which had challenged the CFPB's funding mechanism as unconstitutional. Justices Samuel Alito and Neil Gorsuch dissented.
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No change • 33%
New director appointed • 33%
Major reshuffling of senior positions • 33%
CEO replaced • 25%
CFO replaced • 25%
No major leadership change • 25%
Other C-level executive replaced • 25%
Chairperson Resigns • 25%
Major Staff Overhaul • 25%
Minor Staff Changes • 25%
No Changes in Leadership • 25%
Martin Gruenberg remains as Chair • 25%
New Chair appointed by Biden • 25%
Interim Chair appointed • 25%
Position remains vacant • 25%
Successor announced • 33%
No changes • 33%
Major leadership restructuring • 34%
No change • 25%
New CEO appointed • 25%
Major board reshuffle • 25%
Leadership remains but restructured • 25%
Current Vice Chair of FDIC • 25%
A former FDIC executive • 25%
A financial regulatory expert • 25%
Other • 25%
Gary Gensler • 25%
New Appointee by Biden Administration • 25%
Interim Chairperson • 25%
New Appointee by Next Administration • 25%