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News in English (USA) / 16.08.2025 / 00:00

Federal Appeals Court Rules in Favor of CFPB Layoffs and Restructuring

A federal appeals court has ruled that the Trump administration can proceed with mass layoffs and restructuring at the Consumer Financial Protection Bureau (CFPB), allowing the dismissal of up to 90% of its staff. This divisive decision clears the way for significant cuts to the agency, which has been a focal point of controversy. Critics, including Senator Warren, have condemned the ruling as a detrimental move that undermines consumer protections while empowering Wall Street. The decision highlights the ongoing regulatory uncertainty and could reshape the financial landscape as the CFPB implements its ambitious agenda despite these staffing changes.
NPR, The New York Times, The Guardian, CNBC, Axios, Politico, Federal News Network, Bloomberg Law News, Newsweek, The Hill