CFPB Releases Draft Strategic Plan for FY 2026–2030

The CFPB recently published for public comment it’s Draft Strategic Plan for FY 2026–2030 (the Plan).  The Plan suggests a general change of direction for CFPB toward deregulation and a narrowed scope of enforcement by targeting tangible fraud where there are identifiable victims and material and measurable damages, while moving away from novel legal theories and expansive jurisdictional claims.  

The Plan includes a “Guaranteeing Fair Banking for All Americans” initiative, which establishes a Debanking Task Force to combat the termination of financial services based on political beliefs or affiliations.  The Plan also seeks to remove the use of reputational risk, or equivalent concepts, from guidance documents and materials used to regulate or examine financial institutions, while committing the CFPB to providing redress directly to consumers rather than prioritizing the accumulation of civil penalties in its penalty fund.    

For financial institutions, the Plan highlights a “robust deregulatory agenda” aimed at reversing perceived regulatory overreach and reducing compliance costs.  Key strategies include streamlining “unduly burdensome” regulations and shifting supervisory focus from non-depository to depository institutions. The Plan also intends to minimize duplicative oversight by coordinating more closely with state and prudential regulators.  Finally, the Plan places a specific emphasis on protecting servicemembers, veterans, and small businesses.

Interested parties may provide comments to CFPB concerning its Draft Strategic Plan at CFPB_Strategy@cfpb.gov through April 17, 2026.