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

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The CFPB, whose purpose is to protect American consumers, will lose as much as 90% of its remaining workforce. - www.fastcompany.com

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 on Thursday afternoon. A CFPB spokesperson confirmed the agency was moving to fire roughly 1,500 people across core divisions, including enforcement and supervision, leaving only 200 staff. Fox Business had earlier reported those numbers.



The workforce action comes in the middle of legal action brought by an employee union and consumer advocates working to prevent what they said was the agency's illegal destruction. In an emergency motion filed Thursday evening, lawyers for an employee union and consumer advocates told a federal judge the CFPB was flouting court orders requiring a "particularized assessment" prior to any such workforce..

. Reuters.