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Judge Rejects Trump Administration Effort To Cut Off CFPB Funding
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.
Why now: The ruling affects the future of a key federal consumer watchdog and the administration's broader effort to shrink federal agencies.
Trump administrationConsumer Financial Protection Bureaufederal judge
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