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News in English (USA) / 13.02.2025 / 01:00

Significant Workforce Cuts at CFPB Amid Leadership Changes

The Consumer Financial Protection Bureau (CFPB) has initiated a drastic staff reduction under its new leadership, resulting in the termination of dozens of employees, including expert witnesses and enforcement lawyers. Reports indicate that the agency has fired scores of probationary staff in a wave of layoffs conducted after hours. This development has sparked outrage among observers, particularly regarding the loss of key personnel and expertise. The CFPB remains closed as these staffing changes unfold, raising concerns about its operational capacity moving forward.
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