Back to today’s briefing

Story perspectives

21 States Sue to Protect Consumer Financial Bureau Funding

12/23/2025

29 6 Full Breakdown

Summary

Story summary

A coalition of 21 Democratic-led states filed a lawsuit in Oregon to block defunding of the Consumer Financial Protection Bureau (CFPB).
The suit argues the administration's refusal to request Federal Reserve funds is unlawful and undermines Congress.
New York Attorney General Letitia James criticized the actions as harmful to consumers.
CFPB has returned over $21 billion to consumers since 2011 and expects to run out of funds by 2026.

1 of 1

Story summary

A coalition of 21 Democratic-led states filed a lawsuit in Oregon to block defunding of the Consumer Financial Protection Bureau (CFPB).
The suit argues the administration's refusal to request Federal Reserve funds is unlawful and undermines Congress.
New York Attorney General Letitia James criticized the actions as harmful to consumers.
CFPB has returned over $21 billion to consumers since 2011 and expects to run out of funds by 2026.