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Trump Administration Strikes Blow to Consumer Watchdog Funding

1 min read
Source: The Guardian
Trump Administration Strikes Blow to Consumer Watchdog Funding
Photo: The Guardian
TL;DR

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:businesspolitics#cfpb#consumer-protection#funding-dispute#legal-challenge#politics#trump-administration
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  1. Trump administration moves again to dismantle top US consumer watchdog  The Guardian
  2. Trump administration declares CFPB funding illegal  Politico
  3. US consumer watchdog says it is legally blocked from accessing funds  Reuters
  4. CFPB Says Money Poised to Run Out After Opinion on Fed Funding  Bloomberg.com
  5. Trump Escalates War on CFPB With Move to Cut Off All Funding  The New Republic

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