Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, issued a statement responding to a divided U.S. Court of Appeals for the D.C. Circuit panel decision concerning the Trump Administration’s attempt to shut down the Consumer Financial Protection Bureau (CFPB). She argued the ruling failed to hold administration officials accountable but noted the panel decision would not yet take effect under the court’s rules while plaintiffs have an opportunity to seek review by the full D.C. Circuit. Warren cited Judge Pillard’s dissent, describing the evidence against administration officials as “damning,” and accused the majority of relying on technicalities. She also pointed to the CFPB’s track record, stating it has returned more than USD 21 billion to Americans who were scammed or cheated.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2025-08-15
U.S. Senate Committee on Banking, Housing and Urban Affairs' Warren criticizes D.C. Circuit panel ruling on CFPB shutdown and points to pending full-court review
Senator Elizabeth Warren criticized a U.S. Court of Appeals for the D.C. Circuit panel decision on the Trump Administration's attempt to dismantle the Consumer Financial Protection Bureau (CFPB), arguing it failed to hold officials accountable. She highlighted Judge Pillard's dissent and the CFPB's success in returning over USD 21 billion to defrauded Americans. The decision is not yet in effect, pending potential review by the full D.C. Circuit.