After the Trump administration tried to declare the Consumer Financial Protection Bureau (CFPB) an illegal cash stream, a federal judge ordered them to find funding for the agency after ruling that funding can’t lapse, ABC News reports.
The Dec. 30 ruling came just days before the bureau’s funds were expected to deplete, leaving no money to pay employees. While the Federal Reserve has been operating at a loss, Judge Amy Berman Jackson ruled that the CFPB can continue to receive funds from the agency, despite the White House’s argument that the CFPB’s funding mechanism is invalid. Read more at blackenterprise.com.
