ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Legal

Court rules that administration must request CFPB funding

January 5, 2026
Reading Time: 1 min read
CFPB launches ‘tip line’ to report on bureau employees

The Trump administration must continue to seek funding for the Consumer Financial Protection Bureau, a federal judge ruled last week.

The CFPB is unique among federal agencies in that its funding comes directly from the Federal Reserve based on a request from the bureau’s director. Last year, CFPB acting Director Russell Vought announced plans for a reduction in force affecting a large number of bureau employees and said he would not ask the Fed for the agency’s next appropriation. As a result, the bureau is expected to run out of funding early this year. The union representing CFPB employees has filed a lawsuit in federal court alleging the Trump administration is illegally seeking to shut down the bureau.

The administration argues the CFPB can only receive funds from the Fed if the latter makes a profit. But in an order, U.S. District Court Judge Amy Berman Jackson said the method the administration used to make that determination is inconsistent with statute and is “an unsupported and transparent attempt to starve the CFPB of funding.”

“Neither the statute, the injunction, nor the Fed’s willingness to pay has changed; the only new circumstance is the administration’s determination to eliminate an agency created by Congress with the stroke of pen,” Berman wrote.

Tags: CFPB
ShareTweetPin

Related Posts

OCC to merge community bank, large bank supervision departments

OCC proposes revising chartering rules for national trust institutions

Newsbytes
January 8, 2026

The OCC is proposing to amend its chartering regulations to clarify that national banks limited to the operations of trust companies may engage in nonfiduciary activities.

Consumer credit increased in March

Consumer credit increased in November

Economy
January 8, 2026

Consumer credit increased at a seasonally adjusted annual rate of 1% in November. Total outstanding credit increased to $5,084.8 trillion during the month, up 0.1% from October’s revised total of $5,080.6 trillion.

Mortgage rates fall

Mortgage rates hold steady

Economy
January 8, 2026

The rate for a 30-year fixed-rate mortgage was 6.16% this week. The rate for a 15-year fixed-rate mortgage was 5.46%.

New York Fed: Consumer inflation expectations mostly hold steady

New York Fed: Inflation expectations hold steady, job prospect concerns rise

Economy
January 8, 2026

Consumer inflation expectations in December 2025 increased at the short-term horizon but remained unchanged at the medium- and longer-term horizons, according to the Survey of Consumer Expectations. At the same time, expectations for finding a job dropped to...

ABA asks Fed, administration to maintain full penny deposit services

Fed to resume penny deposits next week

Newsbytes
January 8, 2026

The Federal Reserve announced that it will resume accepting pennies from banks and credit unions at commercial coin distribution locations on Jan. 14, providing services that were previously suspended.

Poll: Small business owners optimistic about the future

Bank survey: Business owners expect growth in 2026

Economy
January 8, 2026

While still wary about inflation and trade tensions, a majority of U.S. business owners are planning to expand their companies and make investments in 2026, according to a new survey by the New Jersey-based Provident Bank.

NEWSBYTES

OCC proposes revising chartering rules for national trust institutions

January 8, 2026

Consumer credit increased in November

January 8, 2026

Mortgage rates hold steady

January 8, 2026

SPONSORED CONTENT

Seeing More Check Fraud and Scams? These Educational Online Toolkits Can Help

Seeing More Check Fraud and Scams? These Educational Online Toolkits Can Help

November 1, 2025
5 FedNow®  Service Developments You May Have Missed

5 FedNow® Service Developments You May Have Missed

October 31, 2025

Cash, Security, and Resilience in a Digital-First Economy

October 20, 2025
Rethinking Outsourcing: The Value of Tech-Enabled, Strategic Growth Partnerships

Rethinking Outsourcing: The Value of Tech-Enabled, Strategic Growth Partnerships

October 1, 2025

PODCASTS

Podcast: The incredible shrinking penny (circulation)

January 8, 2026

Podcast: Cybersecurity in a mobile-first banking landscape

December 18, 2025

Podcast: The 2026 outlook for bank M&A

December 11, 2025

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2026 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2026 American Bankers Association. All rights reserved.