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Consumer Financial Protection Bureau
Trends
- 1
A federal judge has rejected the Trump administration's attempt to cut off funding for the Consumer Financial Protection Bureau. The ruling blocks the administration's effort to defund the agency, which oversees consumer financial products and enforcement against financial firms. The decision is a setback for administration officials seeking to curb the bureau's operations, and is drawing attention from both consumer advocates and financial industry observers.
- 2Court rules CFPB must remain lawfully funded, Bonta says●Attorney General Bonta Celebrates Final Win in CFPB Funding Lawsuit, Consumer Protection Agency Must Remain Lawfully Fun
California Attorney General Rob Bonta announced a final court victory in the lawsuit over Consumer Financial Protection Bureau funding. The court held that former acting director Russell Vought's refusal to request funds for the agency was unlawful, meaning the CFPB must continue to receive the financing it needs to operate and enforce consumer protection laws. Bonta framed the ruling as a win for consumers against efforts to defund the watchdog.