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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The Department of Government Efficiency (DOGE), led by Elon Musk, faces scrutiny for overstating federal contract savings and potentially using government access to benefit Musk’s business interests. The Treasury Department has launched an audit to investigate DOGE’s access to payment …
SEC’s Division of Enforcement experienced a significant shift in enforcement strategy, with total actions dropping 26% from fiscal year 2023 to fiscal year 2024. After reaching a near-record high of 784 total actions in FY 2023 with nearly $5 billion in monetary recoveries, the agency saw a …
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