Trump Administration Strikes Blow to Consumer Watchdog Funding
TL;DR Summary
The Trump administration is attempting to shut down the Consumer Financial Protection Bureau by challenging its funding mechanism in court, claiming it is unlawful and that the agency will run out of funds by 2026, despite previous court rulings blocking such efforts and the agency's significant consumer restitution achievements.
Topics:business#cfpb#consumer-protection#funding-dispute#legal-challenge#politics#trump-administration
- Trump administration moves again to dismantle top US consumer watchdog The Guardian
- Trump administration declares CFPB funding illegal Politico
- US consumer watchdog says it is legally blocked from accessing funds Reuters
- CFPB Says Money Poised to Run Out After Opinion on Fed Funding Bloomberg.com
- Trump Escalates War on CFPB With Move to Cut Off All Funding The New Republic
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