New York Attorney General Letitia James and several other state attorneys have sued the Trump administration over its efforts to shut down the Consumer Financial Protection Bureau.
Twenty other state and district attorneys joined James in the lawsuit, specifically against the Office of Management and Budget Director Russell Vought, filed Dec. 22. Since the beginning of Trump’s re-election as U.S. President, Vought has taken up the task of dismantling and shuttering the CFPB. He currently serves as the acting director of the consumer watchdog.
Politico reports that the Bureau will run out of funding in January 2026, leaving the agency’s protection efforts in jeopardy. Vought has already attempted to slash 90% of the Bureau’s staff, a move that a district court ruling has paused thus far. Read more at blackenterprise.com.
