CFPB’s Supervision Division Releases New 'Humility Pledge'
Summary
The CFPB's Supervision Division has changed its approach to exams; previously seen as a weaponized arm under Director Chopra and Lorelei Salas, now undergoing changes. Director Salas was put on leave in February 2025.
Why It Matters for Texas Credit Unions
Changes in CFPB practices could impact how Texas credit unions are examined and may require adjustments to internal compliance procedures.
Original Source Material
Washington, D.C.—Today, the CFPB made changes to how the Supervision Division conducts exams. Previously, under the leadership of Director Chopra and Biden’s Director of Supervision Lorelei Salas, a former Soros activist who was put on leave in February 2025, this division was the weaponized arm of the CFPB.