Tag Archives: CFPB

A federal appeals court is allowing the Trump administration to resume plans to lay off most employees at the Consumer Financial Protection Bureau. The U.S. Court of Appeals for D.C. lifted a lower court’s preliminary injunction on Friday, allowing CFPB to proceed with plans to eliminate 80% of its workforce through a reduction-in-force. In the meantime, the case will be …

The Consumer Financial Protection Bureau headquarters in Washington, DC, in February. Saul Loeb/AFP via Getty Images/AFP hide caption toggle caption Saul Loeb/AFP via Getty Images/AFP A three-judge federal appeals court panel has ruled that the Consumer Financial Protection Bureau’s attempt to lay off the vast majority of its employees can proceed. The case concerns the reduction in force that the …

Federal appeals court allows CFPB dismantling to proceed  Axios CFPB staff layoffs can proceed, appeals court rules  NPR Trump Administration Gets Major Court Win  Newsweek CFPB cuts can resume, divided appeals court rules  CNN Appeals court clears way for deep cuts, restructuring at CFPB  Politico Source link

Appeals court clears way for deep cuts, restructuring at CFPB  Politico CFPB staff layoffs can proceed, appeals court rules  NPR Trump Administration Gets Major Court Win  Newsweek CFPB cuts can resume, divided appeals court rules  CNN Federal appeals court allows CFPB dismantling to proceed  Axios Source link

NEW YORK (AP) — In the nearly six months since the Trump administration has had control of the Consumer Financial Protection Bureau, the bureau’s leadership has focused almost exclusively on rolling back any punishments, fines and penalties made against companies during the Biden administration. In some cases, companies that were supposed to refund their customers or pay a penalty for …

NEW YORK (AP) — The lights are on at the Consumer Financial Protection Bureau across the street from the White House, and employees still get paid. But, in practice, the bureau has been mostly inoperable for nearly six months. CFPB employees say they essentially spend the workday sitting on their hands, forbidden from doing any work by directive from the …