CFPB Workers Receive Layoff Notices in New Bid to Shutter Agency
The US Consumer Financial Protection Bureau (CFPB) headquarters in Washington, DC.
Photographer: Al Drago/BloombergThis article is for subscribers only.
The Consumer Financial Protection Bureau issued another round of termination notices to staff on Thursday, the latest effort to dismantle a regulatory agency that has long been a target of Republicans.
“This RIF action is necessary to restructure the Bureau’s operations to better reflect the agency’s priorities and mission,” Acting CFPB Director Russ Vought said in reduction-in-force notices sent to employees and seen by Bloomberg News.