The future of the Consumer Financial Protection Bureau (CFPB)–and the Trump administration’s efforts to dismantle it–hang in the balance as a federal judge pushed consideration of a request by a federal employees’ union to preserve the agency.
Launched in 2011 to draft and enforce rules to protect consumers in financial transactions, the CFPB is a favorite of consumer advocates, while viewed by many in finance as overly zealous and an obstruction to the free market.
