Acting Consumer Financial Protection Bureau chief Russell Vought is planning a “mass layoff” at the consumer watchdog that “may occur imminently—as early as today or tomorrow,” the agency’s union said in a Thursday court filing.
Official communications announcing the likely impending layoff haven’t yet been circulated, but the union in its filing said Vought is preparing to fire “over 95% of the Bureau’s employees.”
The CFPB had more than 1,750 employees at the end of September, according to the agency’s fiscal 2024 financial report.
The purge started late Thursday with the firing of 70 to 100 “term employees,” ...