Attorneys general from 21 states sued the Donald Trump administration to prevent the defunding of the Consumer Financial Protection Bureau following an attempt to starve the agency of its primary funding.Led by Rob Bonta and Letitia James, the lawsuit filed in Oregon challenges Acting Director Russell Vought for halting funding requests from the Federal Reserve amid claims the central bank has no earnings to distribute.The legal challenge warns that the agency could deplete its resources by January 2026, potentially halting operations for a bureau that has returned $21 billion to consumers since its 2011 inception.
Published: 4h | Updated: 3h