AZ Attorney General suing Trump admin for defunding CFPB

60-Second Summary

PORTLAND, Ore. Twenty-one states and D.C. filed a federal lawsuit on Dec. 22 seeking to force CFPB Acting Director Russell Vought to request operating funds from the Federal Reserve. The plaintiffs say Vought refused in November to petition the Fed, a move they argue would leave the agency without funds by January and disrupt consumer complaint handling. Attorneys general from California, Oregon, Arizona and other states asked the court for an order directing the agency to seek funding under the Dodd-Frank framework. The suit cites statutory obligations and examples of consumer harms. Based on 6 articles reviewed and supporting research.