Judge orders CFPB to reinstate fired employees, preserve records and get back to work

Judge orders CFPB to reinstate fired employees, preserve records and get back to work


FILE PHOTO: Office of Management and Budget (OMB) Acting Director Russell Vought testifies before House Budget Committee on 2020 Budget on Capitol Hill in Washington, U.S., March 12, 2019. 
Yuri Gripas | Reuters

A federal judge on Friday ordered the Consumer Financial Protection Bureau’s leadership, appointed by President Donald Trump, to halt its campaign to hobble the agency.

In a filing, Judge Amy Berman Jackson sided with the CFPB employee union which sued acting CFPB director Russell Vought last month to prevent him from laying off nearly all of the regulator’s staff. Operatives from Elon Musk’s Department of Government Efficiency have also been involved in efforts to dismantle the bureau.

Berman ordered Vought to reinstate “all probationary and term employees terminated” after Vought took over at the CFPB, and said that he shouldn’t “delete, destroy, remove, or impair agency data.”

“This order shall bind the defendants, their officers, agents, servants, employees, and attorneys, and any other persons who are in active concert or participation with them, such as personnel from the Department of Government Efficiency (“DOGE”),” Berman wrote.

This story is developing. Please check back for updates.



Source

Stocks making the biggest moves after hours: Palantir, Hims & Hers Health, Vertex Pharmaceuticals and more
Finance

Stocks making the biggest moves after hours: Palantir, Hims & Hers Health, Vertex Pharmaceuticals and more

Check out the companies making headlines in extended trading. Palantir — The defense technology stock advanced 4% after second-quarter earnings exceeded Wall Street’s expectations. Palantir said it reported adjusted earnings of 16 cents per share on $1.00 billion in revenue, while analysts polled by LSEG anticipated 14 cents per share and $940 million, respectively. Vertex […]

Read More
Stocks making the biggest moves midday: Figma, Joby Aviation, CommScope, Wayfair and more
Finance

Stocks making the biggest moves midday: Figma, Joby Aviation, CommScope, Wayfair and more

Check out the companies making the biggest moves midday: Figma — The design company tumbled 22%, giving back a chunk of its initial public offering gains from last week. Figma began trading at the New York Stock Exchange on Thursday, with the stock more than tripling in value on its first day. On Friday, shares […]

Read More
Stocks making the biggest moves premarket: On Semiconductor, Wayfair, Spotify, Tesla and more
Finance

Stocks making the biggest moves premarket: On Semiconductor, Wayfair, Spotify, Tesla and more

Check out the companies making headlines before the bell: Berkshire Hathaway — Class B shares of Warren Buffett’s conglomerate dipped nearly 1% in premarket after Berkshire’s operating profit fell 4% year over year to $11.16 billion in the second quarter, affected by a decline in insurance underwriting. Buffett’s cash hoard of $344.1 billion remained near […]

Read More