Categories: Business

US consumer watchdog, largely shuttered, to continue work during shutdown, email says

(Refiles to fix a typo in paragraph 2) By Douglas Gillison WASHINGTON (Reuters) -The top U.S. watchdog agency for consumer finances told staff on Tuesday it will continue to operate in the event of a government shutdown after midnight, according to an email seen by Reuters. Like other banking regulators, the Consumer Financial Protection Bureau's funding is not set by Congress through annual appropriations, meaning the agency's funding would not be affected if Congress fails to agree on spending legislation. Activity at the agency has been sharply curtailed since President Donald Trump took control of it earlier this year, however, while officials seek permission in the courts to dismiss most staff. "CFPB will continue operations in the event of a shutdown, even though some other parts of the federal government would be affected," Chief Operating Officer Adam Martinez wrote in the email. "Therefore CFPB employees should plan to report to work as usual on Wednesday, October 1, 2025." Representatives for the CFPB did not immediately respond to a request for comment. The agency is facing a funding crunch and has warned staff of the possibility that positions could be eliminated due to new funding limits imposed by Congress. The agency has also begun planning for furloughs as funding dries up. (Reporting by Douglas Gillison in Washington)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Recent Posts

Australia's Nova Minerals gets $43.4 million US grant for Alaska antimony production

Oct 1 (Reuters) - Australian critical minerals explorer Nova Minerals said on Wednesday its U.S.…

14 minutes ago

Irish manufacturing grows modestly again in September, PMI shows

DUBLIN, Oct 1 (Reuters) - Ireland's manufacturing sector expanded at a modest pace again in…

24 minutes ago

U.S. SENATE MAJORITY LEADER THUNE: MORE VOTES EXPECTED THIS WEEK ON SAME 7-WEEK CR

U.S. SENATE MAJORITY LEADER THUNE: MORE VOTES EXPECTED THIS WEEK ON SAME 7-WEEK CR (The…

1 hour ago

South Korean president to meet with OpenAI CEO on Wednesday

SEOUL (Reuters) -OpenAI Chief Executive Sam Altman on Wednesday plans to meet with South Korean…

1 hour ago

BRIEF-Clean Energy Technologies Files For 1-For-15 Reverse Stock Split – SEC Filing

Sept 30 (Reuters) - Clean Energy Technologies Inc : * CLEAN ENERGY TECHNOLOGIES INC -…

2 hours ago

UPDATE 5-At least 20 people dead after powerful Philippines quake, NYT reports

(Recasts with increased death toll, updates dateline) Oct 1 (Reuters) - At least 20 people…

2 hours ago