US Politics

21 Democratic-Led States Sue Trump Admin Over CFPB Funding

The CFPB was established in 2011 under President Barack Obama in the aftermath of the 2008 financial crisis to oversee consumer financial protection.
21 Democratic-Led States Sue Trump Admin Over CFPB Funding
The Consumer Financial Protection Bureau building in Washington on Oct. 31, 2023. Madalina Vasiliu/The Epoch Times
Kimberly Hayek
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Attorneys general from 21 Democratic-led states and the District of Columbia filed a lawsuit against the Trump administration on Monday, seeking to block its effort to defund the Consumer Financial Protection Bureau (CFPB) by withholding requests for Federal Reserve funding.

The lawsuit, filed in U.S. District Court in Oregon, argues the administration’s position is illegal and undermines congressional intent. The states contend that without funding, the CFPB will not be able to fulfill its obligations.

Kimberly Hayek
Kimberly Hayek
Author
Kimberly Hayek is a reporter for The Epoch Times. She covers California news and has worked as an editor and on scene at the U.S.-Mexico border during the 2018 migrant caravan crisis.