CFPB Plans Staff Return to Office After 30% Headcount Drop
Updated
Updated · Reuters · May 12
CFPB Plans Staff Return to Office After 30% Headcount Drop
2 articles · Updated · Reuters · May 12
More than a year after the CFPB's Washington office was shut, agency leadership is preparing to recall staff, though the plan has not been announced internally and timing remains unclear.
The move follows the Trump administration's failed push to dismantle the agency and eliminate much of its workforce; a judge's provisional order still blocks deeper cuts.
Russell Vought, who leads both OMB and the CFPB, now oversees an agency whose former headquarters is partly occupied by OMB, leaving open whether staff will return there or whether non-Washington employees will be covered.
About 30% of CFPB staff have left since the start of the Trump administration, underscoring how sharply the watchdog's operations have been curtailed as its future remains contested.
With its workforce facing a two-thirds reduction, can the CFPB still protect consumers from financial fraud?
How will new lending rules affect consumer access to credit and protection against discrimination?