United States District Court for the District of Oregon

Oregon federal judge vacates CFPB defunding decisions, declaring Vought funding cutoff unlawful

U.S. District Judge Ann Aiken granted partial summary judgment on Friday to twenty-two state attorneys general challenging the Consumer Financial Protection Bureau's refusal to request operating funds from the Federal Reserve. The court held that former Acting Director Russell Vought's decision to defund the agency violated the Dodd-Frank Act and the separation of powers. Judge Aiken vacated the defunding decisions and declared the Federal Reserve must transfer the funds the director deems necessary, declining injunctive relief for fiscal 2026.