On March 13, the CFPB published a draft strategic plan for fiscal years 2026 to 2030 for public comment. The plan outlines three primary goals: (i) addressing pressing threats to consumers; (ii) reducing unwarranted regulatory burdens; and (iii) strengthening governance and culture.

Under the first goal, the plan emphasizes focusing resources on addressing tangible fraud with identifiable victims and measurable damages, protecting servicemembers, and returning money directly to harmed consumers rather than the CFPB’s “penalty fund.” In addition, the CFPB stated it will partner with DOJ on its “Debanking Task Force” to combat what it describes as politicized or unlawful debanking and will remove the use of reputation risk from guidance documents and examination materials. The plan also states that the CFPB will shift supervisory activity toward depository institutions and away from non-depository institutions and limit supervision that relies on novel legal theories to expand its jurisdiction. Additionally, the CFPB stated it intends to boost consumer financial literacy efforts and implement measures to identify and remove “improper submissions” from its complaint system to focus on addressable concerns.

The second goal focuses on implementing Executive Order 14219, which directs agencies to rescind unlawful or burdensome regulations (covered by InfoBytes here), and noted the CFPB has already rescinded or withdrawn several final rules, proposed rules, and guidance documents. The plan states that the CFPB will continue to review regulations to identify opportunities for clarification, modernization, and streamlining.

Finally, the third goal outlined in the plan focuses on addressing the “President’s Management Agenda,” which describes additional reform objectives that include eliminating diversity, equity, and inclusion initiatives, leveraging technology for efficiency, and assessing the Bureau’s real estate needs and digital footprint. Comments on the draft plan must be submitted by April 17.