Politics: Consumer Financial Protection Bureau ruling
In a recent ruling, the judge highlighted that Trump officials were actively trying to dismantle the Consumer Financial Protection Bureau (CFPB), disregarding Congress's decision from 15 years ago, which was influenced by the 2008 financial crisis. She noted that before taking action, the court needed to confirm that the plaintiffs would likely succeed in their claims and would face irreparable harm if the lawsuit proceeded without intervention. The judge concluded that all criteria were met for the court to act.
She mentioned that the attempt to eliminate the CFPB was halted only because of the plaintiffs' efforts to secure court intervention just before a significant number of employees were set to be fired. The administration's claim that they were acting within legal bounds "collapsed like a balloon at the end of the Macy’s Thanksgiving Day Parade."
Public Citizen has been instrumental in establishing the CFPB, which has helped recover billions for consumers since its creation in 2011. Despite Trump’s intention to eliminate it, the judge ruled that dismantling the agency would violate constitutional separation of powers and cause substantial harm to consumers nationwide. Consequently, she ordered that the CFPB must remain intact until the case is resolved, protecting its operations and employees. Public Citizen is representing several organizations in this case, including the National Treasury Employees Union and NAACP.