Cara Petersen, acting enforcement director of the CFPB, resigned after criticizing the Trump administration’s systematic dismantling of the agency. She highlighted dramatic staff cuts from 1,750 to potentially 200 employees, dismissal of over 20 enforcement cases, and the elimination of key …
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The Consumer Financial Protection Bureau (CFPB) underwent a massive restructuring under the Trump administration, with approximately 90% of its workforce (1,482 employees) laid off, reducing staff to around 200. A federal appeals court ruled in favor of these workforce reductions, despite challenges …
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Consumer Financial Protection Bureau employees were ordered to “stand down from performing any work task” as headquarters was shuttered through February 14. Acting Director Russell Vought and chief legal officer Mark Paoletta halted all CFPB operations unless specifically cleared, …
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