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Trump may proceed with dismantling and mass layoffs at CFPB, court rules
The Trump administration can proceed with its dismantling of the Consumer Financial Protection Bureau, a federal appeals court ruled on Friday, allowing the agency to move forward with widespread layoffs expected to impact virtually its entire workforce.
The New Republic on MSN1d
Transcript: Trump Has Put Regulations on Companies “in a Coma”
Former CFPB director Rohit Chopra says the Trump administration has stopped basically all oversight of businesses.
In declarations to federal court, CFPB employees describe a hasty process to eliminate most of the agency's staff. "[A]ll that matters is the numbers," one employee said they were told by leaders.
Bureau rank-and-file employees and former CFPB officials say they expected the bureau to keep doing its work under “Trump 2.0,” although likely in a more restrained fashion.
In declarations to federal court, CFPB employees describe a hasty process to eliminate most of the agency's staff. "[A]ll that matters is the numbers," one employee said they were told by leaders.
D.C. Circuit vacates lower court ruling that blocked mass firings at the CFPB. Decision stayed pending rehearing petition, ...
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