CFPB survives latest Trump shutdown bid after D.C. Circuit order
A new court ruling keeps the Consumer Financial Protection Bureau operating as legal challenges continue over efforts to scale back the agency. The dispute centers on the Trump administration's attempt to remove protections that have blocked a plan to eliminate the bureau and dismiss most of its remaining staff.
Highlights
- The D.C. Circuit rejected the Trump administration's request to dissolve the Consumer Financial Protection Bureau, keeping injunction protections in place.
- The court order blocks Russ Vought's plan to eliminate most CFPB staff, allowing time for full judicial review of the shutdown attempt.
- The CFPB has returned over $21 billion to consumers harmed by major banks and corporations, highlighting material implications of agency continuity.
Court order keeps agency protections in place
As reported by the Senate Committee on Banking, Housing, and Urban Affairs, U.S. Senator Elizabeth Warren said the D.C. Circuit rejects the Trump administration's latest request to shut down the Consumer Financial Protection Bureau and declines to lift an injunction that blocks the effort.Warren, the ranking member of the Senate Banking, Housing, and Urban Affairs Committee, says the courts will also have a full chance to review what she describes as Russ Vought's latest unlawful plan to sideline the CFPB by firing most of its remaining staff.
Consumer finance oversight remains at stake
Warren says lawmakers will keep fighting for the agency, arguing that the CFPB plays a central role in protecting Americans from misconduct by large financial institutions and corporations.She adds that the bureau has returned more than $21 billion directly to consumers who were cheated or scammed by big banks and giant corporations, underscoring the financial impact tied to the agency's continued operations.
Our earlier coverage of the federal court fight over the Justice Department’s proposed $1.8 billion “anti-weaponization” fund explained that a judge kept a temporary block in place while demanding sworn assurances from DOJ and Treasury officials that the plan is truly abandoned. We noted that the administration argued written declarations were unnecessary, but the court said prior verbal commitments were insufficient given the political and financial stakes of the proposal.
Latest CFPB News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
