Trump Administration Denies Plans To Dissolve Consumer Financial Protection Bureau

According to Odaily, on February 25, local time, lawyers for U.S. President Donald Trump's administration denied intentions to dismantle the Consumer Financial Protection Bureau (CFPB) in a court filing. This statement contradicts Trump's earlier remarks this month. The Department of Justice attorneys rejected a request from the union representing CFPB workers, which sought a court order to prevent actions aimed at dismantling the agency. However, the administration acknowledged that a more 'streamlined' agency would require less office space, leading to the decision to cancel the lease for its headquarters. The Department of Justice lawyers emphasized that the premise of operating a leaner and more efficient agency is that the CFPB will continue to exist.