Apr 14, 10:10 AM

April 11 Ruling: Appeals Court Allows Trump to Lay Off Workers at CFPB, Vacates $8 Late Fee Rule, Reinstates MSPB Chair

An appeals court has ruled that the Trump administration is permitted to lay off workers at the U.S. Consumer Financial Protection Bureau (CFPB), but it cannot fully abolish the agency. This decision, made on April 11, partially overturns a previous order that blocked Trump from dismantling the CFPB. In a related development, the CFPB has vacated its $8 credit card late fee rule as part of a settlement with the U.S. Chamber of Commerce and other trade groups regarding litigation over the agency's Biden-era rule. Additionally, the appeals court reinstated MSPB Chair Cathy Harris after her firing by Trump, restoring the quorum on the board.

#Trump #CFPB #Biden #Cathy Harris

Written with ChatGPT (GPT-4o mini).