The U.S. Senate Committee on Banking, Housing and Urban Affairs published a statement from Ranking Member Elizabeth Warren responding to a D.C. District Court decision that rejected the Trump Administration’s attempt to cut off funding for the Consumer Financial Protection Bureau (CFPB). Warren described the funding move as illegal and argued that continued court enforcement of the law would prevent further efforts by Office of Management and Budget Director Russ Vought to “close down” the CFPB. She pointed to the CFPB’s record of returning USD 21 billion to consumers as a reason the agency should remain funded.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2025-12-30
U.S. Senate Committee on Banking, Housing and Urban Affairs' Warren welcomes D.C. District Court ruling blocking effort to starve the CFPB of funding
The U.S. Senate Committee on Banking, Housing and Urban Affairs released a statement from Ranking Member Elizabeth Warren criticizing a D.C. District Court decision that blocked the Trump Administration's attempt to defund the Consumer Financial Protection Bureau (CFPB). Warren labeled the funding cut as illegal and emphasized the CFPB's success in returning USD 21 billion to consumers as justification for its continued funding.