On June 9, 2025, Michelle W. Bowman took the oath of office as Vice Chair for Supervision of the Federal Reserve Board on Monday. President Trump nominated Bowman on March 24, 2025, and the United States Senate confirmed her on June 4.

On June 6, 2025, the Federal Reserve Board announced the appointment of Michael E. Horowitz to lead the Federal Reserve Board's Office of Inspector General (OIG) effective June 30, 2025. By law, the Federal Reserve's OIG also fulfills this role for the CFPB, which is funded by but operates independently of the Federal Reserve.

On June 2, 2025, the ABA Banking Journal reported that the CFPB asked a federal court to vacate its rule on financial data sharing, citing the rule’s “numerous legal infirmities.” The CFPB issued the final rule on October 22, 2024, that requires financial institutions, credit card issuers, and other financial providers to unlock an individual’s personal financial data and transfer it to another provider at the consumer’s request for free

On May 31, 2025, the Bloomberg Law reported that the CFPB wants employees based in its Washington headquarters to collect their personal belongings, indicating the agency’s confidence that the federal appeals court will approve the reduction of its workforce. The report said that CFPB employees who used to work out of the agency’s headquarters in Washington began receiving an email from the agency’s facilities unit May 22 with those instructions.

On May 28, 2025, Businesswire reported that the CFPB has voluntarily dismissed its lawsuit against Snap Finance LLC and its affiliated entities with prejudice, effectively closing the matter. Snap Finance is a leading provider of innovative and flexible pay-over-time financing solutions.