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WASHINGTON: President Donald Trump’s administration could lay off workers at the US Consumer Financial Protection Bureau (CFPB), but not abolish the agency, a court ruled on Friday.
The agency, created in the aftermath of the global financial crisis to police and regulate the consumer finance sector, has been in the crosshairs of Republicans, who have criticised it as being unaccountable.
Trump told reporters that the agency should be eliminated. A federal judge blocked the administration and tech billionaire Elon Musk’s Department of Government Efficiency from pursuing efforts to dismantle the CFPB.
Published in Dawn, April 13th, 2025
