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…

'Victory for Scammers' as Trump Fires 90% of Consumer Protection Agency Staff

"This is another assault on consumers and our democracy by Trump's lawless administration," said Sen. Elizabeth Warren. "We will fight back with everything we've got."

US Consumer Watchdog Laying Off Most of Remaining Staff

The Consumer Financial Protection Bureau (CFPB) is laying off most of its remaining staff members. A CFPB spokesperson said on April 17 that the agency is firing about 1,500 people across core divisions, including enforcement and supervision. The reductions, if they become effective, would leave about 200 personnel in place. Emails being sent to employees notified them that officials had “identified [their] position being eliminated and [their] …

90% of the remaining staff at the U.S. consumer financial protection bureau will be laid off

The U.S. Consumer Financial Protection Bureau (CFPB), the agency created to serve as a watchdog for American consumers against predatory business practices, said on Thursday it planned to dismiss as much as 90% of its remaining workforce, resuming mass firings less than a week after a federal court ruling granted the Trump administration leeway in setting staff levels. Multiple agency sources said staff members had begun receiving formal notices…

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…