CFPB’s new leadership begins staff purge with dozens of employees terminated

CFPB’s new leadership begins staff purge with dozens of employees terminated


Key Points
  • The Consumer Financial Protection Bureau sent termination notices to several dozen employees, according to people with knowledge of the situation.
  • The affected staff were mostly those with probationary status, said the people, who asked for anonymity to speak candidly after orders to stop all agency work, including speaking with reporters.
  • Several of those being laid off had already accepted federal buyout offers, said one of the people.



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