Illinois among 22 attorneys general suing to keep consumer bureau funded – Center Square

The lawsuit challenges CFPB Acting Director Russel Vought’s refusal to request necessary funding from the Federal Reserve. The bureau's action was based on a U.S. Department of Justice analysis that said money is taken from the Federal Reserve's profits, which currently don't exist. The suit argues Vought's decision is contrary to congressional mandates and violates the Administrative Procedure Act and the U.S. Constitution.