Democratic AGs Cheer Federal Court’s Halt of CFPB Dismantling

Cozen O'Connor
Contact
LinkedIn
Facebook
X
Send
Embed

Cozen O'Connor

  • A U.S. District Court has granted a preliminary injunction in National Treasury Employees Union v. Vought preventing the CFPB’s Acting Director from taking further steps to dismantle the agency.
  • In an amicus brief supporting the injunction, 23 Democratic AGs argued that the administration’s actions—including suspending agency operations and refusing to draw funds from the Federal Reserve—are causing irreparable harm by undermining consumer protections, leaving large banks without oversight, and shifting the enforcement burden onto state agencies.
  • The court found that the plaintiffs are likely to succeed on the merits and had demonstrated irreparable harm, justifying the injunction.
  • We previously reported on the AGs’ amicus brief filed in a related case also challenging the agency’s defunding.
Send Print Report

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

© Cozen O'Connor

Written by:

Cozen O'Connor
Cozen O'Connor
Contact
more
less

PUBLISH YOUR CONTENT ON JD SUPRA NOW

  • Increased visibility
  • Actionable analytics
  • Ongoing guidance

Cozen O'Connor on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign Up Log in
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide