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CFPB seeks court approval to lay off 50% of its employees

・Acting CFPB Director Russell Vought filed a revised workforce restructuring plan on March 31, 2026, asking a federal appeals court for permission to cut 618 of 1,174 current employees - keeping just ...
Law

Two Recent CFPB and FCC Rule-Related Actions Weaken Consumer Protections

These rule-related actions are two of the latest examples of administrative agencies under the Trump administration reducing consumer protections under the guise of “modernization,” “uniformity” and ...
American Banker

As CFPB retreats, state AGs and bank regulators step up

State attorneys general and banking agencies are stepping into the void left by the Consumer Financial Protection Bureau by increasing enforcement, hiring former CFPB officials, and issuing ...
JD Supra

State attorneys general file new complaint against lack of CFPB funding

On December 22, the attorneys general from 22 states and territories filed a complaint in an Oregon federal district court for declaratory and injunctive relief against the CFPB, the Fed, and the ...
JD Supra

Senate Democrats Demand Answers from Acting Director Vought Regarding CFPB Website Purge

Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, joined by Senators Raphael Warnock (D-GA), Andy Kim (D-NJ), and Lisa Blunt Rochester (D-DE), recently sent a detailed letter ...