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Enforcement ActionLow RiskMultistate

Multistate Coalition Wins Court Order Requiring CFPB Funding

Trump AdministrationSeptember 26, 2026New Jersey Attorney General

Summary

A multistate coalition co-led by New Jersey won a federal court order rejecting the Trump Administration’s decision not to request funding for the CFPB. The order struck down that decision and directed the Administration to follow the law and fund the agency; no monetary penalty or privacy violation is described.

Remedy

The court rejected the Administration’s interpretation of the CFPB funding law, struck down its decision not to request funding, and ordered it to comply with the law.

Injunction

Contract Impact

This action does not address company conduct or privacy contracts, so it does not identify a specific clause deficiency. In vendor and customer agreements involving financial products or services, review regulatory-compliance and change-in-law clauses for obligations to comply with CFPB rules, cooperate with investigations, preserve and provide complaint or lending data, and support consumer refunds or restitution. Ensure vendor data-processing and reporting terms preserve access to records needed for regulatory inquiries; employee agreements are not specifically implicated.

Contract Search Terms

CFPB compliance obligationsconsumer financial protection lawsregulatory change clauseconsumer complaint escalationcomplaint data sharingmortgage lending datarefund and restitution obligations

Laws Cited

Federal lawCFPB funding law

Violation Types

Entity Details

Entity

Trump Administration

Industry

Financial Services

Multistate Coalition

New York Attorney GeneralOregon Attorney GeneralColorado Attorney GeneralCalifornia Attorney GeneralArizona Attorney GeneralConnecticut Attorney GeneralDelaware Attorney GeneralHawaii Attorney GeneralIllinois Attorney GeneralMaine Attorney GeneralMaryland Attorney GeneralMassachusetts Attorney GeneralMichigan Attorney GeneralMinnesota Attorney GeneralNevada Attorney GeneralNew Mexico Attorney GeneralNorth Carolina Attorney GeneralRhode Island Attorney GeneralVermont Attorney GeneralWisconsin Attorney GeneralDistrict of Columbia

Official Sources

Source Evidence

Entity Name
"the Trump Administration"
Laws Cited
"in violation of federal law"
Laws Cited
"the agency’s funding law"
Violation description
"The Trump Administration was unlawfully refusing to request any funding from the Federal Reserve for this agency based on Acting Director Russell T. Vought’s unprecedented interpretation of the agency’s funding law."

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