The Consumer Financial Protection Bureau asked a federal appeals court for permission to implement a new reduction-in-force plan that would cut around half of the agency’s remaining employees.
The new plan would supersede previous efforts to fire up to 90% of the CFPB’s staff, the Trump administration said in a Tuesday motion filed with the US Court of Appeals for the District of Columbia Circuit.
The CFPB would be left with 556 employees, down from 1,174 in fiscal 2026, under the new workforce restructuring plan, according to the motion.
While the CFPB’s enforcement and supervision units would undergo steep cuts, ...