CA Court orders CFPB to request funding

The federal District Court in Northern California (Edward J. Davila) has ordered Russell Vought, the Acting Director of the Consumer Financial Protection Bureau, to request funding for the Bureau from the Federal Reserve Bank, finding that his effort to “shut down” the agency is an arbitrary and capricious violation of the Administrative Procedures Act.

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February 16, 2026

I am always amazed at the ambiguity of the English language and how the same words can have different meanings to different people. It is important to realize in writing bylaws and other contracts.

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I asked the teller for “a package of one hundred dollar bills.”

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CA Court orders CFPB to request funding

CA Court orders CFPB to request funding