Furthermore,
American banking sector: justice authorizes:
An American court of appeal authorized the government on Friday to continue to sleep a federal body for the protection of banks customers as well as to dismiss the agents. However, according to a decision that AFP was able to consult.
The acting director of the Consumer Protection Office in financial matters (CFPB). However, Russ Vought, had announced in mid-February to the employees the sleeping of the organ, inviting them to “no longer come to the office” and wished to greatly reduce the capacity of the office.
At first instance. Moreover, in March, a courtyard based in the American capital Washington had requested the suspension of the sleeping and the layoffs provided, a decision now informed by the Court of Appeal, by two votes against one of the judges responsible for the file.
According to the opinion american banking sector: justice authorizes of the judges. published at the same time as the decision, “the court at first instance was not competent on claims relating to job loss”.
“If the arguments put forward by the complainants were valid. this means that it would return to the judicial authority, rather than to the executive to decide which resources an agency needs to fulfill its task,” added the two majority judges.
The CFPB had passed on February 3 under the direction of the new secretary of the Treasury. Scott Bessent, who had requested the suspension of all the in progress surveys, leaving a more indulgent approach to the actors of finance.
A union of civil servants filed two appeals in the wake, believing that Mr. Vought’s decisions were “illegal”.
Russ Vought. one of the main editors of the controversial “2025 project”, was appointed by Donald Trump at the head of the management and budget office american banking sector: justice authorizes (OMB), an important agency that helps the president to decide on political priorities and their funding.
“Project 2025”. to whom Donald Trump had assured during his campaign not to be associated, is a 900 -page program shaped by the reflection circle Heritage Foundationwhich aims to be an unofficial and radical roadmap, made by relatives of very conservative backgrounds.
He notably proposes to do the federal agencies to centralize the executive power in the hands of the White House. thus allow the implementation of a very conservative policy on subjects ranging from immigration to abortion.
The CFPB was created in 2011, in the wake of the 2008 great financial crisis.
The Association of American bankers (ABA) had welcomed the change of governance at the head of the agency in early February. hoping to see its new leaders repair “damage caused by unknown regulatory measures”.
American banking sector: justice authorizes
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