Judge Blocks Trump From Halting CFPB Funding
A coalition of 21 states joined a legal challenge as Amy Berman Jackson blocked Donald Trump from halting critical funds for the Consumer Financial Protection Bureau.Jackson rejected the administration argument that the Federal Reserve cannot fund the agency while operating at a loss, calling the move an attempt to shutter the watchdog.The ruling protects approximately 1,400 employees and ensures the agency continues its mandate of protecting consumers from fraud following its creation after the 2008 financial crisis.
Published:6h |Updated:3h