Federal Appeals Court Blocks Trump Plan to Slash Consumer Financial Protection Bureau Staff

HuffPost — Politics—A federal appeals court has blocked the Trump administration from implementing new plans to drastically reduce staffing at the Consumer Financial Protection Bureau, dealing a setback to the White House's effort to gut the agency created after the 2008 financial crisis. The ruling is the latest in a series of court orders that have slowed the administration's campaign to dismantle or hollow out independent regulatory agencies. Reuters and HuffPost both confirmed the injunction prevents the staffing reductions from taking effect while litigation continues. The CFPB oversees mortgage lending, credit cards, student loans, and debt collection — industries that benefit directly from reduced oversight. Consumer advocacy groups praised the ruling; financial industry lobbyists said they expected the administration to appeal to the Supreme Court.

• HuffPost — Politics — US appeals court blocks Trump plan to slash consumer watchdog staff
• HuffPost — Consumer groups praised the ruling; industry lobbyists signaled an expected appeal to the Supreme Court
• Reuters — The appeals court injunction blocks the administration's staffing cuts from taking effect during litigation