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Trump Administration Targets CFPB Amid Funding Crisis

11/12/2025

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Summary

Story summary

The U.S. President Donald Trump administration intensifies efforts to dismantle the Consumer Financial Protection Bureau, arguing its funding mechanism is unlawful.
Attorneys say the CFPB will exhaust its funds by early 2026.
The agency cannot seek additional funding from the Federal Reserve.
The CFPB has returned over $21 billion to consumers since its inception after the financial crisis.
A federal court has blocked attempts to shut down the agency.

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Story summary

The U.S. President Donald Trump administration intensifies efforts to dismantle the Consumer Financial Protection Bureau, arguing its funding mechanism is unlawful.
Attorneys say the CFPB will exhaust its funds by early 2026.
The agency cannot seek additional funding from the Federal Reserve.
The CFPB has returned over $21 billion to consumers since its inception after the financial crisis.
A federal court has blocked attempts to shut down the agency.