Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, released a statement responding to a D.C. District Court decision rejecting the Trump Administration’s move to cut off funding to the Consumer Financial Protection Bureau (CFPB). Warren characterised the funding effort as an illegal attempt to “close down” the CFPB and criticised Russ Vought’s approach, arguing that continued judicial enforcement of the law would block similar efforts. She pointed to the CFPB’s record of returning USD 21 billion directly to consumers.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2025-12-30
U.S. Senate Committee on Banking, Housing and Urban Affairs’ Warren issues statement after court rejects effort to starve CFPB of funding
Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, responded to a D.C. District Court decision rejecting the Trump Administration's attempt to cut funding to the Consumer Financial Protection Bureau (CFPB), which she described as an illegal effort to "close down" the agency. Warren highlighted the CFPB's success in returning USD 21 billion to consumers and emphasized the importance of judicial enforcement to prevent such actions.