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Trump administration cutting nearly 90% of Consumer Financial Protection Bureau
Roughly 1,500 employees — or almost 90% of the agency's staff — will be cut from the CFPB, leaving around 200 people, according to an administration official who wasn't authorized to disclose the figure publicly and spoke to the Associated Press on condition of anonymity. Fox Business first reported the number of layoffs.
An 11-point memo directs the agency’s staff to bring redress directly to affected consumers, “rather than imposing penalties on companies in order to simply fill the Bureau’s penalty fund,” the CFPB’s ...
Congress created the agency in the wake of the 2008 financial crisis to protect consumers from various kinds of lending and ...
The Consumer Financial Protection Bureau plans to narrow the scope of a Biden-era public registry for nonbank companies found ...
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US Rep. Haridopolos: Consumer Financial Protection Bureau needs congressional oversightThe Consumer Financial Protection Bureau (CFPB ... The piece framed opposition to the CFPB as corporate resistance to ...
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The Consumer Financial Protection Bureau is set to lose most of its employees as it undergoes a "necessary" restructuring ...
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