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“For tracking litigation, enforcement, and regulatory developments, Compliance Week
should be your prime source.”- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Judge to hear arguments for and against CFPB cuts before agency potentially ‘choked out of existence’
By 
Adrianne Appel2025-03-06T21:04:00
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.
Elon Musk, whose extra-governmental Department of Government Efficiency is carrying out the wishes of President Donald Trump to shrink the size of government, has said he wants the CFPB to be abolished.
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