The
“This RIF action is necessary to restructure the Bureau’s operations to better reflect the agency’s priorities and mission,” Acting CFPB Director
Some employees were notified they would lose access to their accounts by Friday evening. They were also warned not to send any agency information or data to personal email addresses or risk facing disciplinary action, according to a message from the agency’s Office of Human Capital that was reviewed by Bloomberg.
Official termination from work duties may not occur for several weeks, according to the documents.
Spokespeople for the CFPB did not immediately respond to requests for comment and to provide information on how many employees received the notices.
US Senator
“Dismantling the CFPB in the face of a court order blocking an illegal shutdown is yet another assault on consumers and our democracy by this lawless Administration, and we will fight back with everything we’ve got,” Warren said in a statement.
The CFPB has also been a target of the Department of Government Efficiency, the group led by billionaire Trump adviser
A DOGE team has been embedded at the CFPB and their actions have been challenged in court. A federal judge on Wednesday allowed a lawsuit that claims DOGE is going beyond its legal authority in trying to access computer systems at CFPB and other agencies to proceed.
Earlier:
Vought’s primary position in the Trump administration is director of the Office of Management and Budget, but he’s maintained close control of the CFPB since February, dramatically slashing not just personnel but also more than $100 million in vendor contracts.
Trump’s nominee to lead the CFPB,
Warren was instrumental in creating the CFPB in the wake of the 2008 financial crisis. The agency quickly became a political lightning rod and many of its proposals, particularly during the Biden administration garnered strong pushback from the banking and financial services industries.
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Meghashyam Mali, Laura Davison
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