CFPB declines to draw its statutory funding from the Federal Reserve

Date

Feb 8, 2025

Kind

Appropriations

Status

Mooted or reversed

Source

hsgac.senate.gov ↗

Court or forum

NTEU v. Vought, D.D.C.

What happened

Vought notified the Fed that CFPB "will not be taking its next draw of unappropriated funding because it is not 'reasonably necessary'," halted all staff work and cancelled 150+ contracts. A March injunction was vacated on jurisdictional grounds in August.

Publisher

Senate HSGAC minority staff

Full record

Read the full 47watch record →