Story perspectives

Judge Orders Trump to Fund CFPB, Rejects Closure Claims

12/30/2025

Summary

Story summary

U.S. District Judge Amy Berman Jackson ordered U.S. President Donald Trump's administration to continue funding the CFPB, rejecting claims of a lapse.
She criticized the administration's legal theory as an attempt to eliminate the agency, established after the 2008 financial crisis.
Jackson noted CFPB Director Russell Vought had previously signaled plans to close the agency.

History

Historical Context

The Dodd-Frank Act, signed into law by President Obama on July 21, 2010, established the Consumer Financial Protection Bureau (CFPB) to safeguard consumers from predatory lending, following the 2008 financial crisis. With an annual budget of approximately $600 million, the CFPB's role has been reinforced by recent court rulings amid ongoing efforts by the Trump administration to weaken its authority, highlighting its significance in consumer rights protection.

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Story summary

U.S. District Judge Amy Berman Jackson ordered U.S. President Donald Trump's administration to continue funding the CFPB, rejecting claims of a lapse.
She criticized the administration's legal theory as an attempt to eliminate the agency, established after the 2008 financial crisis.
Jackson noted CFPB Director Russell Vought had previously signaled plans to close the agency.

1 / 2