Judge Can Stop Vought’s Latest Bid to Defund CFPB, Union Says

A federal judge in Washington has the power to block the Trump administration from shuttering the Consumer Financial Protection Bureau in a dispute over the agency’s funding, the union representing CFPB employees said.

Acting CFPB Director Russell Vought says a Justice Department Office of Legal Counsel interpretation of the 2010 Dodd-Frank Act, which created the bureau, bars him from seeking additional funding from the Federal Reserve when the central bank isn’t profitable. The Trump administration has also argued that an existing injunction barring Vought from shutting down the agency can’t be altered to force him to request money from the ...