Kate Berry: DOJ says CFPB stop-work order maintains statutory functions

The American Banker’s Kate Berry reports on the DOJ reply in the DC Circuit Court of Appeals appeal from Judge Jackson’s preliminary injunction ordering that the CFPB stay open. Here’s a quote:

“Once agency leadership recognized that employees had inferred the agency was winding down, it acted to dispel that misimpression,” the DOJ said, contradicting testimony during two days of evidentiary hearings at the district court.

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