The Democratic attorneys general for 21 states and the District of Columbia are suing Office of Management and Budget Director Russell Vought, who also serves as the acting director of the Consumer Financial Protection Bureau, to keep the bureau funded.
The lawsuit comes at the end of a tumultuous year for the watchdog agency, as President Donald Trump’s administration has slashed the CFPB with mass layoffs and budget cuts throughout 2025. The administration determined in November that the bureau cannot legally draw funds from the currently nonprofitable Federal Reserve and expects it to run out of funding by early 2026.
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