A federal judge with a track record of ruling against the Trump administration’s actions on the Consumer Financial Protection Bureau (CFPB) has issued a new ruling blocking the White House attempt to stop funding the agency.
CBS News reports US District Judge Amy Berman, an Obama appointee, decreed the CFPB can continue to receive funding from the Federal Reserve. Russ Vought, the White House Office of Management and Budget Director who serves as the CFPB’s acting director, has argued the Fed has been operating at a loss since 2022 and has no “combined earnings” to fund the CFPB.
Berman rejected Vought’s argument, writing in her opinion, “It appears that defendants’ new understanding of “combined earnings” is an unsupported and transparent attempt to starve the CPFB of funding and yet another attempt to achieve the very end the Court’s injunction was put in place to prevent.”
On three separate occasions earlier this year, Berman ruled against the Trump administration’s attempt to enact mass layoffs at the CFPB. However, the agency has been mostly inoperable since the administration came into office.
Photo by Adam Fagen / Flickr Creative Commons
