A federal judge issued a preliminary injunction blocking the Trump administration from dismantling the Consumer Financial Protection Bureau, preserving its operations while a lawsuit challenging its elimination proceeds. The ruling underscores the agency’s role in protecting consumers and prevents what the court deemed an unlawful and irreparable shutdown.
Tag: Rohit Chopra
Posted inU.S. Government
White House orders consumer protection agency to stop work
The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down an agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal.