The acting director of the Consumer Finance Protection Bureau (CFPB) recently requested $145 million from the Federal Reserve to fund the bureau’s second-quarter operations. As reported by the Scotsman Guide, this action in compliance with a federal judge’s recent court order that said the bureau must remain funded as legal battles over its survival continue.
“Although I disagree with that opinion and order,” wrote Vought in the Jan. 9 letter addressed to the chairman of the U.S. central bank, Jerome Powell, “pursuant to that opinion and order, I have determined that [$145 million] is the amount necessary to carry out the Bureau authorities for the second quarter of Fiscal Year 2026.”
Click here to read the full story at the Scotsman Guide.
