Trump Admin Presents New Plan to Slash Two Thirds of Consumer Watchdog Workforce
The name and logo for the Consumer Financial Protection Bureau (CPFB) is seen scraped off the door of its building in Washington, D.C., U.S., February 20, 2025. (Reuters/Brian Snyder)
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President Donald Trump’s administration has developed a fresh plan to slash the workforce at the U.S. Consumer Financial Protection Bureau by about two thirds, stepping back from earlier efforts to get rid of nearly 90% of all employees, court documents showed.
In a filing submitted Tuesday evening to the U.S. Court of Appeals for the District of Columbia Circuit, the Justice Department said the new plans showed the administration will not shut down the CFPB entirely, as a lower court had found they planned to do. CFPB representatives did not immediately respond to requests for comment.
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(Reporting by Douglas Gillison in Washington; Editing by Chizu Nomiyama )
