A recent ruling by a federal judge has significant implications for the funding of the Consumer Financial Protection Bureau (CFPB).
• Judicial Action: US District Judge Amy Berman Jackson, appointed by former President Obama, has blocked the Trump Administration's effort to defund the CFPB. The judge has mandated that the CFPB continue receiving funds from the Federal Reserve.
• Trump Administration's Position: The Trump Administration, represented by OMB Director Russ Vought, had attempted to reduce the size of the CFPB, effectively shutting it down by issuing a "reduction in force. "
• Funding Issues: The ruling comes at a critical time, just before the CFPB was set to run out of funds. Reports indicate that the Federal Reserve is currently operating at a loss due to economic pressures termed as "Bidenflation. "
• Legal Challenges: The court ruling addresses the legitimacy of how the CFPB receives its funding, especially in light of the Trump Administration's claims against the agency's operational status and funding source.
• Operational Limitations: The CFPB has been largely inactive for nearly a year, with most employees unable to perform their duties, and has focused mainly on undoing previous work done under the Biden Administration and the Trump Administration’s initial term.
Judge Jackson's ruling preserves the CFPB's funding while legal debates continue regarding the Trump Administration's authority over the agency. This decision may influence the agency's ability to operate effectively moving forward.
https://www.thegatewaypundit.com/2025/12/corrupt-obama-judge-amy-berman-jackson-blocks-trump/
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