A federal judge ruled that the Trump administration must fund the Consumer Financial Protection Bureau (CFPB). The agency’s acting director, Russell Vought, said that since the Federal Reserve has been operating at a loss, it is unable to fund the CFPB.
In a 32-page decision, DC district judge Amy Berman Jackson, a known leftist, said that this novel workaround by the Trump administration to “starve” the agency of funding was “manufactured by the defendants” and based solely on an office of legal counsel memo, which said that there were no “combined earnings” available from the Fed for the CFPB – since the agency doesn’t receive its appropriations from Congress.
Read Full Article: https://www.independentsentinel.com/judge-orders-the-administration-to-fund-warrens-rogue-cfpb/
