Senator Warren Praises Decision Forcing Vought to Fund CFPB

Senator Elizabeth Warren praised a federal judge’s ruling on Tuesday requiring the Trump administration to seek funding for the Consumer Financial Protection Bureau.

The ruling by Judge Amy Berman Jackson in Washington DC was a rebuke to attempts by Russell Vought, acting director of the CFPB, to invalidate the regulator’s funding, which relied on its ability to draw funds from the Federal Reserve.

“A federal court rejected the Trump Administration’s most recent, ridiculous attempt to starve the Consumer Financial Protection Bureau of funding,” Warren, a Democrat from Massachusetts who pushed to create the agency in the wake of ...