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ARTICLE · 08 JUNE 2026

Paoletta To Replace Vought As CFPB Acting Director

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The Consumer Financial Protection Bureau undergoes a significant leadership transition as Chief Legal Officer Mark Paoletta is elevated to Deputy Director, positioning him to succeed Acting Director Russell Vought. This strategic appointment comes as federal law limits Vought's tenure and reflects ongoing efforts to reshape the agency's direction and operations.

United StatesGovernment, Public Sector
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CFPB Chief Legal Officer Mark Paoletta has been selected as the bureau’s Deputy Director—a move that reflects that Acting Director Russell Vought’s term is coming to a close and that Paoletta will succeed him, Bloomberg reports.

Under federal law, Vought cannot serve as Acting Director past August 1. However, under the Federal Vacancies Reform Act, a top deputy or other senior official may serve as Acting Director until a full-time agency head is confirmed by the Senate.

That person is now Paoletta, according to Bloomberg.

Paoletta, who has been at the center of efforts to eliminate the CFPB and then make large changes to the agency, will retain his position as Chief Legal Officer at the CFPB, according to Bloomberg, which obtained an email outlining the changes.

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