✉news BusinessBanking first seen 6 h ago, last 6 h ago, peak #34
Trump Administration Loses Again on Bid to Zero Out CFPB Funds
A court has again rejected the Trump administration's effort to cut off funding for the Consumer Financial Protection Bureau. The ruling blocks, for now, attempts to zero out the agency's budget, which is financed by the Federal Reserve rather than congressional appropriations. The decision preserves the consumer watchdog's operations while litigation over the administration's authority to reshape independent agencies continues.
Why now: A fresh court defeat for the administration in its push to defund the CFPB keeps the fight over the agency's future in the news.
Trump administrationConsumer Financial Protection Bureau
Evidence
- Trump Administration Loses Again on Bid to Zero Out CFPB Funds · news.bgov.com
API: https://socialmediatrends-api.osmike.com/v1/trends/256055