A federal judge denied a request from the city of Baltimore to put a temporary stop on the Trump administration’s efforts to send the Consumer Financial Protection Bureau’s reserve funds back to the Federal Reserve or the Treasury Department.
Judge Matthew J. Maddox of the US District Court for the District of Maryland on Friday denied the request for a preliminary injunction, determining the plaintiffs failed to show CFPB leaders made a discrete and final decision to return the agency’s money.
“In short, Plaintiffs fail to show that Defendants have made or acted upon a decision to transfer away the ...