CFPB faces sweeping workforce reductions amid regulatory cutbacks

April 17, 2025, 6:20 pm

Separate reports reveal that the Consumer Financial Protection Bureau is undergoing significant staff reductions, with one account noting mass layoff notices distributed to employees, while another highlights the termination of over 1,400 positions. These dramatic cuts, attributed to internal restructuring and DOGE-induced budgetary pressures, have left the agency weakened and stirred considerable internal and external criticism regarding its management and adherence to court orders.

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bloomberg.com/technology / CFPB Workers Receive Layoff Notices in New Bid to Shutter Agency - Bloomberg.com

CFPB Workers Receive Layoff Notices in New Bid to Shutter Agency Bloomberg.com

theverge.com / 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...

wired.com / The CFPB Has Been Gutted

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

permalink / 10 stories from 5 sources in 12 days ago #cybersecurity #automation #fintech #digitaltransformation #dataprivacy #techpolicy #crypto #doge

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