On February 26th, lawyers for the Trump administration denied in a court filing that the White House intends to dissolve the Consumer Financial Protection Agency, contradicting Trump’s earlier statements this month. It is reported that lawyers from the Ministry of Justice rejected a request made by a union representing workers from the Consumer Financial Protection Bureau on the evening of the 24th, seeking a court order to stop actions aimed at destroying the institution. However, the government acknowledges that a more “streamlined” organization requires less office space, and the organization has decided to cancel the lease of its headquarters. A lawyer from the Ministry of Justice stated that the premise for operating a more streamlined and efficient institution is that the Consumer Financial Protection Bureau will continue to exist.
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