For media inquiries, please contact media@ourfinancialsecurity.org
-
Statement: Tom Feltner, Associate Director of Consumer Policy on the Consumer Financial Protection Bureau’s New Proposed Layoff PlanÂ
The Consumer Financial Protection Bureau (CFPB) leadership, under Trump-appointee Russell Vought, has proposed a newlayoff plan as part of its year-long campaign to shutter the agency charged with preventing financial fraud, abuse, and discrimination. The plan would reduce agency staff by over two thirds and sharply curtail its efforts to enforce regulations that prevent financial lawbreakers from taking advantage of everyday people. While this layoff plan is currently blocked by the courts and cannot go into effect immediately, it provides crucial insight into how the CFPB under Acting Director Vought is seeking to rollback financial safeguards even as the financial…
Search
2637 results found