Mar18

Help Build a Credit Union Chapter for the Tri-Cities Area! 

Join your peers as we explore the opportunity to create a Credit Union Chapter in the Tri-Cities area!
Mar25

Commercial Services Council; Session One

This session provides an opportunity to engage with a community of commercial lending, and business service leaders focused on treasury and cash management services, member business lending programs, and strategies for deepening relationships with small business and commercial clients.
Mar26

HR & Trainers Council; Session One

The Council’s open format serves to encourage and recharge staff dealing with similar challenges and developments within the Credit Union Movement. Human resources and training professionals gather to learn, teach, pass on tips, and provide resources, information, networking, and professional development opportunities to best prepare for what’s on the horizon.
Mar27

Marketers Council; Session One

The Council — open to marketing, communications, media relations, public relations, business development, and community outreach professionals — is interactive and belongs to the members. Beneficial presentations are offered, along with the opportunity for credit union professionals to share in roundtable discussions. Councils provide an outlet that furthers the success of credit unions.
Home » Advocacy On The Move »

Calabria to Help Manage CFPB in Interim

Posted by on February 20, 2025

GoWest has been closely following leadership changes at the Consumer Financial Protection Bureau (CFPB) over the past month, offering insights and predictions on federal appointments and actions. As anticipated, Mark Calabria, a prominent figure in financial regulation, has stepped into a leadership role at the CFPB. Detailed to the agency from the Office of Management and Budget (OMB), Calabria will assist in managing the CFPB’s operations and reviewing regulatory policies.

Calabria’s involvement follows a series of major shifts at the Bureau:

  • February 1: President Trump fired CFPB Director Rohit Chopra.
  • February 3: Treasury Secretary Scott Bessent was named Acting Director and shut down external communications.
  • February 8: Russell Vought replaced Bessent, halted staff operations, closed CFPB headquarters, fired probationary employees and cut the agency’s funding.
  • February 11: President Trump nominated Jonathan McKernan as the next CFPB director.

Until McKernan is confirmed, Calabria will play a key role in reviewing CFPB policies and regulations. His work extends beyond the CFPB, as he is also expected to assess rules related to the Federal Housing Finance Agency (FHFA), where he previously served as Director under the Trump Administration.

Calabria’s involvement may also be part of a broader push to bring independent agencies under greater executive oversight. A recent White House executive order outlines plans to consolidate authority over agencies such as the Federal Trade Commission (FTC), Federal Communications Commission (FCC), Securities and Exchange Commission (SEC), and the Federal Reserve, which funds the CFPB. This move signals a shift toward increased White House control over financial and consumer protection regulations.

To view the executive order fact sheet click here.

As changes continue at the federal level, we will closely monitor developments and provide updates on their potential impacts. If you have any questions or concerns please reach out to your regulatory team: John Trull at [email protected] or Gracie Nelson at [email protected]

Posted in Advocacy on the Move, Regulatory Advocacy.