Overview

• Judge Amy Berman Jackson issued a preliminary injunction on March 28, halting efforts by the Trump administration to dismantle the CFPB and reinstating its employees and operations.
• The Trump administration filed an appeal on March 29, seeking to overturn the injunction, with the case now advancing to the U.S. Court of Appeals for the District of Columbia.
• The court found that the administration's actions, including mass firings and halting operations, violated statutory mandates and lacked a rational basis.
• The CFPB, established after the 2008 financial crisis, has returned over $21 billion to consumers and plays a vital role in regulating financial practices and protecting borrowers.
• The agency's future remains uncertain, with the Trump administration's broader efforts to reduce federal agencies and the nomination of Jonathan McKernan as permanent director adding further complexity.