More than 1400 Consumer Financial Protection Office (CFPB) The workers were terminated on Thursday in the midst Trump administration Shakeup at the Independent Governmental Agency, tells the sources Wire. There were about 1700 employees in the total In CFPB.
The collective reduction in strength, or RIF comes nearly a month after the issuance of a federal judge A temporary restriction order Except for the Trump administration From the removal of the test staff In CFPB and other agencies. Friday, The Court of Appeal ruled The CFPB can start the termination again as long as the “individual assessments” have been conducted for every completed employee. About 200 employees will be left at CFPB, which the agency Elon Musk said effectively It must be deleted‘
In an email sent to CFPB employees on Wednesday, the chief legal official of CFPB Mark Paulta announced that the agency would convert its focus away from its supervisory roles and the “concrete harm to consumers.” Medical debts, student loans, consumer data, and digital payments were identified, such as “CFPB” topics document.
“As much as I can say that it literally affects at least at least at least some some some of them erasing it completely,” says one of the CFPB. “I think in the end there will be a few remaining leadership situations in addition to the skeleton staff of the desktop jobs required very clearly.
CFPB was created under Dodd-Rank Law for the year 2010, a wide legislation of legislation that imposed regulatory reform according to the 2008 financial crisis. The Agency for Consumer Protection was established from unfair or deceptive financial practices, and information technology. Claims To be responsible for $ 19.7 billion of relief from consumers since its establishment, in addition to 5 billion dollars of civil sanctions
They did not follow CBA [collective bargaining agreement]Do not follow Dodd-Frank, and did not make a sufficient notice to anyone, “the CFPB employee who lost his job on Thursday claims.
Musk and other conservatives called for the destruction of CFPB for some time. Chapter 2025 is described by the financial organizational agencies as “a very politicized federal agency, and is completely accountable” and calls for its cancellation. In February, Musk “Rip CFPB” was written with expressive cemetery symbols in X. In November, published, “Delete CFPB.”
In February, I mentioned wireless Three of Doug’s clients, including Javin Cleanger and Nakhil Rajphal, were given access to human resources for human resources, purchases and financial infrastructure. Dog’s workers later gave access to all agency systems on Friday, I mentioned BloombergIncluding banking examination and enforcement records. Other requests continued to reach Doge throughout the month.
“Do not care about what they say about CFPB, pay attention to what they are doing,” Emily Peterson Casine, Director of Companies Authority in the request for requesting the request, said in a statement that responds to discounts on Thursday. “What they do is systematically grumbling all efforts to protect the members of the service, and all Americans, from fraud and fraud while allowing at the same time in Wall Street, large banks and large technology outside the hook.”
Additional reports by Zoë Schiffer.
