Trump admin to cut 90 percent of CFPB in latest layoffs: Reports

'Victory for scammers': Trump fires 90% of Consumer Protection Agency staff

U.S. President Donald Trump's administration on Thursday dealt what advocates fear could be a fatal blow to the Consumer Financial Protection Bureau by moving to fire 90% of its workforce, gutting an agency that has returned tens of billions of dollars to Americans defrauded by corporate abusers.Wit...

DOGE is slashing 90% of a federal agency designed to prevent another financial crisis

The CFPB terminated thousands of employees this week.J. David Ake/Getty ImagesThe Consumer Financial Protection Bureau terminated 90% of its staff.A copy of a terminated notice reviewed by BI said employees will lose access to work systems on Friday night.It's Trump's latest move to gut a federal agency created to prevent another financial crisis.President Donald Trump is moving forward with his promise to slash a top federal consumer watchdog.T…

Trump admin to cut 90% of CFPB in latest layoffs: Reports

(The Hill) -- President Donald Trump’s administration is cutting nearly 90 percent of the Consumer Financial Protection Bureau’s (CFPB) employees in a push to significantly downsize the watchdog agency formed to shield U.S. consumers from financial fraud and abuse.  Around 1,500 of the agency's workers are scheduled to be cut, multiple outlets reported Thursday. That would leave some 200 people in place at the agency. The employees started to ge…

Mass layoffs begin at Consumer Financial Protection Bureau

Hundreds of employees at the Consumer Financial Protection Bureau have received layoff notices in the latest attempt by President Donald Trump's administration to reduce the size and scope of the bureau.

DOGE is gutting the watchdog created to protect consumers from financial fraud

The Trump administration is all but eliminating the Consumer Financial Protection Bureau (CFPB), firing nearly 90% of its employees, according to several reports.Read more...

Bulk of Consumer Financial Protection Bureau staff to be cut

WASHINGTON — President Donald Trump has drastically reduced the size and the mission of the Consumer Financial Protection Bureau, the latest step in an extraordinary reshaping of the federal government.