Trade Haven Hub - Investing and Stock News
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
No Result
View All Result
Trade Haven Hub - Investing and Stock News
No Result
View All Result
Home Economy News

Federal judge orders halt to Trump admin’s CFPB terminations

admin by admin
April 18, 2025
in Economy News
0
Federal judge orders halt to Trump admin’s CFPB terminations
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

A Washington, D.C.-based federal judge on Friday temporarily halted the Trump administration’s planned mass layoffs at the Consumer Financial Protections Bureau (CFPB), shortly after an appeals court narrowed her earlier injunction.

U.S. District Judge Amy Berman Jackson’s order temporarily blocks the terminations, which would have slashed the bureau’s workforce by roughly 90%, as she weighs whether the planned layoffs violate her earlier injunction. 

Her order comes after plaintiffs in the case, which include the CFPB Employee Association and other labor entities, accused the government of violating her earlier injunction. The plaintiffs alleged these layoffs would take place on Friday evening.

Jackson noted on Friday that the agency was slated to carry out a reduction in force, or RIF, of roughly 1,400 employees — which would have left just several hundred in place. 

Jackson said that within several days of an appeals order narrowing her initial injunction, CFPB employees were told the agency would do ‘exactly what it was told not to do,’ which was to carry out a RIF. 

‘I’m willing to resolve it quickly, but I’m not going to let this RIF go forward until I have,’ she said during the Friday hearing, noting that she is ‘deeply concerned, given the scope and scope of action.’

Justice Department lawyers had sought to appeal Jackson’s order earlier this year, arguing in a filing that the injunction ‘improperly intrudes on the executive [branch’s] authority’ and goes ‘far beyond what is lawful.’

Jackson blocked the administration from moving forward with any layoffs or from cutting off employees’ access to computers at the bureau until she has time to hear from the officials in question later this month.

‘We’re not going to disperse’ more than 1,400 employees ‘into the universe… until we have determined that is lawful or not,’ Jackson said.

She proceeded to then set an April 28 hearing date to hear testimony from officials slated to carry out the RIF procedures. 

The plaintiffs in the suit filed their legal challenge in D.C. district court in early February seeking a temporary restraining order after the Trump administration moved to severely downsize the bureau. 

The court issued a preliminary injunction in late March, finding that the plaintiffs would likely succeed on the merits.

The order directed the government to ‘rehire all terminated employees, reinstate all terminated contracts, and refrain from engaging in reductions-in-force or attempting to stop work through any means.’ 

The Trump administration appealed the order shortly thereafter.

The Court of Appeals for the D.C. Circuit stayed Jackson’s order only in part, staying the provision dictating that the government must rehire the terminated employees. 

The appeals court also stayed the provision of the order prohibiting the government from ‘terminating or issuing a notice of reduction’ to employees the administration deemed ‘to be unnecessary to the performance of defendant’s statutory duties.’

This post appeared first on FOX NEWS
Previous Post

U.S. judge finds Google holds illegal online ad tech monopolies

Next Post

Pentagon’s week of power struggles: Leak fallout and shouting matches hit Hegseth’s inner circle

Next Post
Pentagon’s week of power struggles: Leak fallout and shouting matches hit Hegseth’s inner circle

Pentagon’s week of power struggles: Leak fallout and shouting matches hit Hegseth’s inner circle

  • Trending
  • Comments
  • Latest
On air, ’60 Minutes’ reporter says ‘none of us is happy’ about changes that led top producer to quit

On air, ’60 Minutes’ reporter says ‘none of us is happy’ about changes that led top producer to quit

April 28, 2025
Crypto Market Recap: US Loses $2 Billion in Bitcoin Amid Tariff Shock, Pakistan Bets on Mining

Crypto Market Recap: US Loses $2 Billion in Bitcoin Amid Tariff Shock, Pakistan Bets on Mining

April 9, 2025
Suspension from Quotation

Suspension from Quotation

April 14, 2025
Why Bitcoin Might Be About to Turn Bullish Again

Why Bitcoin Might Be About to Turn Bullish Again

April 18, 2025
Buffett Hands Over Reins, What’s Next for Berkshire’s Capital Strategy?

Buffett Hands Over Reins, What’s Next for Berkshire’s Capital Strategy?

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Air Direct Capture – Reducing CO2 from the Atmosphere

Air Direct Capture – Reducing CO2 from the Atmosphere

0
Buffett Hands Over Reins, What’s Next for Berkshire’s Capital Strategy?

Buffett Hands Over Reins, What’s Next for Berkshire’s Capital Strategy?

May 9, 2025
AI Agents Set to Spark $615B Boom in Blockchain Gaming Engagement

AI Agents Set to Spark $615B Boom in Blockchain Gaming Engagement

May 9, 2025
Coinbase’s $2.9B Deribit Buy Unleashes 24/7 U.S.-Regulated BTC & ETH Futures

Coinbase’s $2.9B Deribit Buy Unleashes 24/7 U.S.-Regulated BTC & ETH Futures

May 9, 2025
Gemini Bags Malta MiFID License, Eyes EU-Wide Crypto Perps Rollout

Gemini Bags Malta MiFID License, Eyes EU-Wide Crypto Perps Rollout

May 9, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Buffett Hands Over Reins, What’s Next for Berkshire’s Capital Strategy?

    Buffett Hands Over Reins, What’s Next for Berkshire’s Capital Strategy?

    May 9, 2025
    AI Agents Set to Spark $615B Boom in Blockchain Gaming Engagement

    AI Agents Set to Spark $615B Boom in Blockchain Gaming Engagement

    May 9, 2025
    Coinbase’s $2.9B Deribit Buy Unleashes 24/7 U.S.-Regulated BTC & ETH Futures

    Coinbase’s $2.9B Deribit Buy Unleashes 24/7 U.S.-Regulated BTC & ETH Futures

    May 9, 2025
    Gemini Bags Malta MiFID License, Eyes EU-Wide Crypto Perps Rollout

    Gemini Bags Malta MiFID License, Eyes EU-Wide Crypto Perps Rollout

    May 9, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 tradehavenhub.com | All Rights Reserved

    No Result
    View All Result
    • Investment Tips
    • Trade Tips
    • Crypto News
    • Economy News
    • Stock Market

    Copyright © 2025 tradehavenhub.com | All Rights Reserved