The Office of Personnel Management told the Consumer Financial Protection Bureau to reinstate veterans, disabled veterans, and military spouses who were fired, according to an email sent to CFPB employees who saw their terminations reversed.
The Trump administration intended to gut the Consumer Financial Protection Bureau through a mass workforce reduction, which could be a smoking gun in a court battle with the bureau's union.
The Consumer Financial Protection Bureau raced to terminate large numbers of its staff ahead of a February hearing where a federal judge in Washington weighed whether to delay those firings, new emails submitted in litigation over efforts to shutter the agency show.
If the Trump administration dismantles the CFPB, people could lose key protections against things like scams and for filing complaints.
The Consumer Financial Protection Bureau, a longtime target of the Republican Party that has undergone a significant shakeup in recent weeks, will continue operating, the Trump administration says. After Trump replaced its director with Russell Vought — director of the White House budget office and an author of Project 2025 — work at the CFPB was frozen.
In an email, a top official in the CFPB's division of supervision said senior officials had confirmed that supervisory work is not to resume.
In the weeks since President Trump's return to office, the Consumer Financial Protection Bureau, long a target of conservatives, landed in the crosshairs of Elon Musk's DOGE, or Department of ...
The OCC and FDIC told employees to await agency guidance in response to an OPM directive to list their weekly accomplishments. The CFPB, meanwhile, told workers to remind OPM of the bureau’s stop-work order.
The Trump administration insists the financial watchdog is safe for now, but as in administrations past, it can be made into whatever officials want it
(Reuters) - Top officials at the embattled U.S. Consumer Financial Protection Bureau have not allowed staff to resume supervising financial companies despite committing to engage in all legally ...