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The US government claims that the Consumer Financial Protection Bureau's funding source is illegal.
Jin10 Data, November 12th — On November 11th local time, it was reported that the Trump administration has officially determined that the current funding source of the Consumer Financial Protection Bureau is illegal. This move means that the agency will shut down after exhausting its existing funds in the coming months. Court documents disclosed on the evening of the 10th revealed this decision. The documents show that the Trump administration has concluded that laws prohibit the Consumer Financial Protection Bureau from seeking additional funds from the Federal Reserve, which is the agency’s usual funding source. In the submitted documents, the Consumer Financial Protection Bureau stated that its funds could last at least until the end of this year, but it is "expected to run out of existing funds in early 2026." Unless Congress passes a new appropriations bill, the Consumer Financial Protection Bureau will face a funding shortfall starting next year, potentially preventing it from carrying out necessary activities.

