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Story summary
- A federal judge ruled that U.S. President Donald Trump’s administration unlawfully claimed it could not request funding for the Consumer Financial Protection Bureau.
- U.S. District Judge Edward Davila ordered the CFPB's acting director, Russ Vought, to pursue funds from the Federal Reserve.
- The ruling rejects the "combined earnings" interpretation.
- The Fed’s profitability suggests the CFPB could still receive funding.
