Trump nominates Capital One exec for CFPB

President Donald Trump has nominated Brian Johnson, a former deputy director at the Consumer Financial Protection Bureau (CFPB) and current executive at Capital One, to serve a five-year term as the agency's director. Johnson previously held four different positions within the CFPB between December 2017 and March 2020. This nomination signals a potential shift in leadership at the key financial regulatory body, with implications for future consumer protection policies and enforcement actions within the financial industry.