FY 2024 Annual Performance Report

This FY 2024 Performance Report is required under the Government Performance and Results Modernization Act of 2010 and represents the work of the prior leadership under former Director Chopra and President Biden.

The FY 2024 Annual Performance Report summarizes the Consumer Financial Protection Bureau's (CFPB's) progress in implementing the strategies and achieving the goals and objectives developed under former Director Rohit Chopra, as described in the CFPB's Strategic Plan for FY 2022-2026, for the period of October 1, 2023 - September 30, 2024. Under his leadership, the CFPB regularly engaged in an overreach of its statutory mandate via punishment of disfavored industries. This overreach and weaponization of the government manifested especially clearly in burdensome regulations and guidance; in extensive and onerous supervisions; in investigations and cases, frequently leading to crushing penalties and injunctive terms unrelated to actual harm; and in the CFPB's extensive DEIA efforts. The performance measures in this report exemplify the CFPB's extraordinary overreach and demonstrate the extent of the CFPB's success in achieving its inappropriate goals.

The CFPB, under the leadership of Acting Director Vought, has undertaken multiple remedial actions, such as withdrawing inappropriate regulations and guidance documents, terminating certain consent orders, and withdrawing or dismissing cases that never should have been brought. The CFPB has also ended all unlawful DEIA practices at the agency in accordance with Executive Order 14173, Ending Illegal Discrimination and Restoring Merit-Based Opportunity. The CFPB is currently in the process of developing a new Strategic Plan for FY 2026 - 2030 that will include revised goals and objectives aligned with current CFPB priorities and that ensures the CFPB is not exceeding its statutory mandate. The CFPB anticipates publishing its new strategic plan in March 2026.

Full report

Annual Performance Report