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Financial Regulators Face Deepest Personnel Cuts in Decades

Summary by PYMNTS.com
Three financial regulators are scrambling following the President Donald Trump administration’s latest round of personnel cuts. Over 2,300 staffers across the Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency and the Securities and Exchange Commission are set to be laid off, Bloomberg reported Wednesday (May 7). The group includes bank examiners, criminal investigators and economists. The layoffs are the sharpest in …
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PYMNTS.com broke the news in on Wednesday, May 7, 2025.
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