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financial regulation

CFPB faces major staff reductions under Trump administration

CFPB faces major staff reductions under Trump administration

The Trump administration has filed a federal court request to cut more than half the remaining staff at the Consumer Financial Protection Bureau (CFPB), representing a notable retreat from earlier plans to eliminate up to 90 percent of the agency's workforce, reports the New York Times. Acting Director
Jason Lee Bakke Apr 1, 2026

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