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News + Press

News + Press
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Federal judge blocks Trump from dismantling Consumer Financial Protection Bureau
WASHINGTON (AP) — A federal judge agreed Friday to block the Trump administration from dismantling the Consumer Financial Protection Bureau, an agency that was targeted for mass firings before the court’s intervention.
CFPB is responsible for protecting consumers from financial fraud and deceptive practices. It processes consumer complaints and examines banks to protect student loan borrowers.
Plaintiffs’ attorneys argue that the administration doesn’t have the constitutional authority to eliminate an agency that Congress created by statute. More.