An appeals court ruled on April 11 that the Trump administration could proceed with laying off workers at the Consumer Financial Protection Bureau but could not fully abolish the agency.
The order, issued on Friday evening from the D.C. Circuit Court of Appeals, is a partial win for President Donald Trump, who told reporters in February that the agency should be dismantled.
Congress created the Consumer Financial Protection Bureau following the 2008 financial crisis to police and regulate the financial sector. Republicans have long criticized the agency for being unaccountable and exceeding its legal authority.
In February, the National Treasury Employees Union sued Russ Vought, director of the Office of Management and Budget and acting director of the Consumer Financial Protection Bureau. The union accused the Trump administration of violating the nation’s separation of powers by moving to dismantle the agency without congressional approval….