Draft FY 2026-2030 Strategic Plan for Public Comment

JD Supra Finance & Banking

Published March 13th, 2026

Detected March 31st, 2026

Summary

The CFPB published a draft strategic plan for fiscal years 2026-2030 outlining three goals: addressing consumer threats, reducing regulatory burdens, and strengthening governance. The plan emphasizes fraud protection, servicemember protections, partnering with DOJ on debanking issues, and implementing Executive Order 14219 to rescind burdensome regulations. Public comments are due April 17, 2026.

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What changed

The CFPB released its draft FY 2026-2030 strategic plan on March 13, 2026, outlining three primary goals: (1) addressing pressing threats to consumers by focusing on fraud with identifiable victims, protecting servicemembers, and returning money to harmed consumers; (2) reducing unwarranted regulatory burdens by implementing Executive Order 14219 to rescind unlawful or burdensome regulations; and (3) strengthening governance by eliminating DEI initiatives and leveraging technology for efficiency. The plan also mentions partnering with DOJ on a "Debanking Task Force" and shifting supervision toward depository institutions while limiting novel legal theories.

The public has until April 17, 2026 to submit comments on the draft plan. While this is a strategic planning document rather than a binding rule, it signals the CFPB's intended regulatory and supervisory direction for the next five years. Financial institutions should review the draft plan and consider submitting comments if they have concerns about the planned shift in supervisory priorities or the debanking initiatives.

What to do next

Submit public comments on the draft strategic plan by April 17, 2026
Review the draft plan to understand anticipated shifts in CFPB supervisory priorities toward depository institutions
Monitor for finalization of the strategic plan and subsequent implementation guidance

Source document (simplified)

March 30, 2026

CFPB releases draft FY 2026-30 strategic plan for public comment

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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.

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Named provisions

Goal 1: Addressing Pressing Threats to Consumers Goal 2: Reducing Unwarranted Regulatory Burdens Goal 3: Strengthening Governance and Culture Debanking Task Force Partnership