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

The Consumer Financial Protection Bureau terminated dozens of employees with probationary status, part of President Trump’s effort to reduce federal staff. The move has sparked concerns of layoffs at various agencies. Following Elon Musk’s Department of Government Efficiency gaining access to the CFPB, the agency headquarters were closed, and employees were instructed not to work, as both Musk and acting director Russell Vought have called for the CFPB’s elimination.

Full Article