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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