The Consumer Financial Protection Bureau (CFPB) has warned that its funding is set to run out by the end of the year. This follows a new legal opinion from the Trump administration that prevents the CFPB from drawing money from the Federal Reserve, which has been the bureau's primary source of funding. The CFPB, an independent federal agency, was established in 2010 to protect consumers from unfair, deceptive, or abusive practices in the financial sector. The agency's funding comes from the Federal Reserve rather than congressional appropriations, which was intended to shield it from political interference. The CFPB has informed a federal court that the Trump administration's legal opinion has put the agency on a course to deplete its funding by the end of 2022. This development raises concerns about the CFPB's ability to continue its consumer protection efforts effectively.
Nov 11, 2025 → Nov 14, 2025
The Trump administration has decided to abandon a plan initiated by the Biden administration to compensate passengers affected by major flight disruptions. The plan would have required airlines to provide meals, hotel accommodations, and…
Read original at Bloomberg →2 updates from 1 source over 3 days.
The Trump administration has decided to abandon a plan initiated by the Biden administration to compensate passengers affected by major flight disruptions. The plan would have required airlines to provide meals, hotel…
Read original at Bloomberg →The Consumer Financial Protection Bureau (CFPB) has warned that its funding is set to run out by the end of the year. This follows a new legal opinion from the Trump administration that prevents the CFPB from drawing…
Read original at Bloomberg →What this story stands on. Tier 0 is a primary record or the subject's own words; higher tiers must be attributed, never stated as bare fact.
The Trump administration has decided to abandon a plan initiated by the Biden administration to compensate passengers affected by major flight disruptions. The plan would have required airlines to provide meals, hotel accommodations, and…
View source →The Consumer Financial Protection Bureau (CFPB) has warned that its funding is set to run out by the end of the year. This follows a new legal opinion from the Trump administration that prevents the CFPB from drawing money from the Federal…
View source →Tier key: T0 = Primary source · T1 = Wire · T2 = Outlet report · T3 = Commentary
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