Subscriptions, ted sarandosreports: cfpb laying off % of staffby pymnts | april , | the . Consumer financial protection bureau (cfpb) is reportedly in the process of laying off , employees, . Which will reduce the agency’s staff to this reduction-in-force (rif) effort began thursday (april ) . And was still going on late in the day, politico reported Integrate With Your Existing Strategy thursday, citing an unnamed . Source.The cfpb did not immediately reply to pymnts’ request for comment.According to the politico report, . Cfpb director russ vought wrote in a notice to the affected employees that the cuts .
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Are “necessary to restructure the mexico phone number data bureau’s operations to better reflect the agency’s priorities and mission.”it . Was reported wednesday (april ) that the cfpb is scaling back enforcement of financial services . Companies and instead will focus on threats to members of the military and their families.The . House committee on financial services republicans account wrote in a thursday post on x: “the . Committee applauds acting director vought’s reprioritization of the cfpb’s enforcement priorities. This is a welcomed . Change from the biden administration’s aggressive regulation by enforcement approach.
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Reuters also reported thursday that the . Cfpb is firing , people and leaving only , adding that a cfpb spokesperson confirmed . Those numbers.The affected employees will be officially dismissed in days but will lose their access . To the agency’s email systems and it systems friday night, the reuters report said, citing . An official notice from the cfpb.National treasury employees union (nteu) president doreen greenwald said in . A statement issued thursday that the union is investigating the full extent of the rif .
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After learning thursday that rif notices have been there may be unused programs issued to “many employees” at the cfpb.“late . Last friday, april , the u.S. Court of appeals for the d.C. Circuit issued an . Order that required the agency to make a ‘particularized assessment’ with respect to employees if . It was going to carry out a reduction in force,” greenwald said in the statement. . “for the cfpb to issue rif notices — in which we are already identifying mistakes .
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— to a large group of employees less than four business days from the d.C. . Circuit order’s issuance indicates that cfpb has likely not made the required particularized assessments.”sen. Elizabeth . Warren, d-mass., the ranking member of the senate banking committee, issued a statement thursday in . Response to reporting that vought sent rif notices to “almost all” cfpb staff.“dismantling the cfpb . In the face of a court order blocking an illegal hong kong phone number shutdown is yet another assault .