Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, issued a statement on a lawsuit filed by 21 states and the District of Columbia challenging the Trump Administration’s attempt to shut down the Consumer Financial Protection Bureau (CFPB) by starving it of funding. Warren argued that cutting off CFPB funding would shut down the agency’s consumer complaint database and harm consumers nationwide, and she pointed to the CFPB’s track record of returning more than USD 21 billion to Americans. She said the lawsuit highlights the alleged illegality of the funding move and expressed the view that courts should reject it if they uphold the law.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2025-12-22
U.S. Senate Committee on Banking, Housing and Urban Affairs Ranking Member Warren backs states’ lawsuit challenging attempt to cut CFPB funding
Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, commented on a lawsuit by 21 states and the District of Columbia against the Trump Administration's attempt to defund the Consumer Financial Protection Bureau (CFPB). Warren emphasized the CFPB's role in returning over USD 21 billion to consumers and argued that the funding cut would harm consumers and shut down the agency's complaint database. She urged courts to reject the move as illegal.