Which agency issued this update?

This update was issued by Consumer Financial Protection Bureau.

When was it published?

It was published on November 11, 2025.

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Consumer Financial Protection Bureau

CFPB Notifies Court it Cannot Lawfully Draw Funds from the Federal Reserve

November 11, 2025

Summary

The CFPB has notified the court in NTEU v. Vought that it currently lacks the legal authority to draw operational funding from the Federal Reserve. This administrative development acknowledges a Department of Justice Office of Legal Counsel determination regarding the Bureau's statutory funding mechanisms.

Washington, D.C.—Today, the Consumer Financial Protection Bureau (CFPB) filed a notice informing the court in NTEU v. Vought that the Department of Justice’s Office of Legal Counsel (OLC) has determined that the Bureau may not legally request funds at this time from the Federal Reserve under Dodd-Frank.

Source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-notifies-court-it-cannot-lawfully-draw-funds-from-the-federal-reserve/

Common questions

What does "CFPB Notifies Court it Cannot Lawfully Draw Funds from the Federal Reserve" cover?: The CFPB has notified the court in NTEU v. Vought that it currently lacks the legal authority to draw operational funding from the Federal Reserve. This…
Which agency issued this update?: This update was issued by Consumer Financial Protection Bureau.
When was it published?: It was published on November 11, 2025.