The CFPB announced plans to dismiss 90% of its staff, amounting to approximately 1,500 employees, following a court ruling easing staffing regulations. This drastic reduction occurs amid ongoing legal battles as employee unions and advocates argue it undermines the agency's ability to fulfill statutory mandates. They filed an emergency motion, claiming the agency's abrupt decision could significantly hinder its regulatory functions. Critics, including President Trump and Elon Musk, have voiced support for the CFPB's dismantling, although it was later stated the CFPB would persist in some form.
According to one official notice seen by Reuters, the agency said the recipient's dismissal would take effect in 60 days but that access to internal email systems and IT systems would be cut off on Friday evening.
In an emergency motion filed Thursday evening, lawyers for an employee union and consumer advocates told a federal judge the CFPB was flouting court orders requiring a 'particularized assessment' prior to any such workforce reductions.
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