Trump Cuts CFPB Staff by 88%, Refocuses Mission on Mortgages - News Facts Network

CFPB Slashed to the Bone, Threatening Financial Markets

The agency fired 1,500 workers on Thursday, which violates a court order and threatens a meltdown of mortgage markets and more.

Mass layoffs gut CFPB as its leaders declare most of its staff 'unnecessary'

In declarations to federal court, CFPB employees describe a hasty process to eliminate most of the agency's staff. "[A]ll that matters is the numbers," one employee said they were told by leaders.

CFPB workers are receiving mass layoff notices

The Consumer Financial Protection Bureau (CFPB) is sending out mass layoff notices that appear to be in defiance of a court order blocking further layoffs following DOGE-induced cuts.  “I regret to inform you that you are affected by a reduction in force (RIF) action,” says a notice reviewed by The Verge that was sent by CFPB Acting Director Russell Vought to an agency employee. “This RIF action is necessary to restructure the Bureau’s operation…

Trump Cuts CFPB Staff by 88%, Refocuses Mission on Mortgages - News Facts Network

President Donald Trump is significantly downsizing the Consumer Financial Protection Bureau (CFPB), reducing its staff... The post Trump Cuts CFPB Staff by 88%, Refocuses Mission on Mortgages appeared first on News Facts Network.

The CFPB Has Been Gutted

The Consumer Financial Protection Bureau terminated the positions of 1,406 employees at the congressionally-mandated agency.

Report: CFPB Staff to Begin Receiving Termination Notices

Sen. Elizabeth Warren vowed to stop the layoffs. Continue Reading Report: CFPB Staff to Begin Receiving Termination Notices The post Report: CFPB Staff to Begin Receiving Termination Notices appeared first on Weekly Real Estate News.