House Democrats have filed a proposed amicus brief in Maryland to support a lawsuit seeking to block the pause President Donald Trump’s administration placed on activities at the Consumer Financial Protection Bureau (CFPB).
Submitted to a federal judge on Feb. 28, the brief argues that the administration’s actions violated the Constitution’s separation of powers, as well as the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which set up the CFPB.
“Not only do those efforts violate our law and constitutional structure, they also threaten the consumers the CFPB was created to protect—and has protected since its creation a decade and a half ago,” according to a brief from Rep. Maxine Waters (D-Calif.), ranking member of the House Financial Services Committee, and 202 others….