Reported 1 day ago
The Trump administration is implementing drastic cuts to the Consumer Financial Protection Bureau (CFPB), reducing its workforce by nearly 90% as part of a broader federal government downsizing. Approximately 1,500 employees will be laid off, leaving only around 200, and the agency's mission is being narrowed to focus on mortgage issues while less attention will be given to other consumer protections. The move faces legal challenges from employee unions who argue it will severely hinder the agency's ability to protect consumers from fraud and abuse.
Source: YAHOO