{
  "id": 10715039,
  "title": "Judge Blocks Attempt to Cut Off CFPB Funding",
  "url": "https://urgent.news/2026/09/29/judge-blocks-attempt-to-cut-off-cfpb-funding",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T14:32:40.000Z",
  "source": {
    "name": "PYMNTS",
    "slug": "pymnts",
    "url": "https://www.pymnts.com/legal/cfpb/2026/judge-blocks-attempt-to-cut-off-cfpb-funding/"
  },
  "original_language": "en",
  "account": "A court recently ruled against the Trump administration's efforts to cut off funding to the Consumer Financial Protection Bureau (CFPB), according to Bloomberg Law. The decision came in a case filed by over 20 Democratic state attorneys general in December 2025. The CFPB, under the leadership of former acting Director Russell Vought, had declined to seek funding from the Federal Reserve, citing the central bank's non-profit status. The state attorneys general contended that the lack of funding would jeopardize the agency's operations, including its consumer complaint database and its role in ensuring fair lending practices for states. The case included Vought, the CFPB, and the Federal Reserve Board as defendants. The judge found the CFPB's decision improper and deemed it a violation of the constitutional separation of powers. This was one of two prior court orders that had rejected similar attempts to reduce the CFPB's funding. The Trump administration has since appealed the rulings. The CFPB and the Federal Reserve Board did not immediately respond to inquiries about the latest decision. The case was initiated by 21 states and the District of Columbia, which accused Vought of attempting to defund the CFPB by refusing to request funding from the Federal Reserve. They argued that Vought's actions violated both the law and the Constitution. Following the ruling, Oregon Attorney General Dan Rayfield stated that the decision ensures the CFPB's continued funding. \"The Consumer Financial Protection Bureau does critical work to protect consumers from financial tricks and traps, putting billions back in the pockets of people who've been harmed,\" Rayfield remarked. \"This ruling is a win for every Oregonian who's ever been hit with a hidden fee or a loan that wasn't what they were promised.\"",
  "summary": "A court rejected Trump administration attempts to withhold funding from the Consumer Financial Protection Bureau, Bloomberg Law reported Monday (Sept. 28). The ruling came in a case filed in December 2025 by more than 20 Democratic state attorneys general, according to the report. The CFPB under former acting Director Russell Vought had refused to seek […] The post Judge Blocks Attempt to Cut Off…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}