NTEU Fights Trump’s Latest Efforts to Shut Down CFPB

The CFPB is threatening, yet again, to RIF employees. NTEU and its partners, Gupta Wessler and Public Citizen Litigation Group, have gone back to federal district court to make sure that the CFPB is once again stopped.

In filings with the D.C Circuit and the federal district court, the CFPB stated that it does not believe that the district court's preliminary injunction prevents RIFs that are tied to an absence of funding. Those RIFs might be required, in the CFPB's view, when its existing funds run out at the end of January; the CFPB purports to believe, based on a recent Justice Department legal opinion, that it cannot request funds from the Federal Reserve Board if the Board is operating at a loss.

NTEU and its partners have asked the federal district court to clarify the scope of its preliminary injunction. We have requested that Judge Jackson make clear that the CFPB may not conduct RIFs based on a refusal to request funds from the Federal Reserve Board and a subsequent lack of funding.

NTEU will report on the judge’s decision once we receive it. We ask that you continue to support NTEU’s work by contacting your members of Congress about appropriately funding the CFPB and continuing the important work you do for consumers.