Elon Musk holds a chainsaw on stage during a conservative conference on political action (CPAC) at the National port, Maryland, USA, February 20, 2025.
Nathan Howard | Reuters
AND Consumer Protection OfficeThe leadership appointed Trump plans to release almost all of his 1,700 employees, while “wounding” the agency, according to the testimony of employees.
In a tighten From the statements published late on Thursday, federal employees said that mass release was discussed at meetings that attended this month with higher leaders and members of CFPB Elon muskThe so -called Department of Government Efficiency.
“My team was instructed to help interrupt the vast majority of CFPB employees as quickly as possible,” said the employee identified as Alex Doe, a pseudonym that is used for fear of retribution.
Doe said that the CFPB leader’s plan was to reduce the workforce of the bureau in three stages. He would eliminate first test And the terms employees and then execute a wave of about 1,200 dismissals, leaving a skeletal crew of several hundred workers.
“Finally, the bureau would” decrease “within 60-90 days interrupting most of its remaining staff,” Doe said.
The testimony of workers comes at a crucial time for CFPB, a agency created to protect consumers after the 2008 financial crisis caused by irresponsible borrowing. Ever since Doge Operatives first arrived at CFPB this month, the bureau has closed its headquarters in Washington, launched the first round of release and told those who remain to stop stopping Almost everyone is doing.
Submission were made in file The CFPB union began suspended by the acting of CFPB duties, Russell Vought, moves to close the bureau. After the CFPB fired about 200 trial and termino employees, Vought’s actions were set to wait until hearing on March 3.
The Trump administration plan was to lower the CFPB to the most important minimal staff that needed under the law: five CFPB employees would remain, either in an independent office or transplanted to another regulatory body, workers testified.
At the meetings between February 18 and February 25, “staff said higher executives that CFPB would be eliminated, except five of the law prescribed positions,” said another current CFPB employee, this one identified as Drew Doe.
“One higher executive director said CFPB would become a ‘room in the treasury, a white house or federal reserves with five men and a phone in it,” Doe said.
Employees said that if he was sent to the court, they would give their names and titles under the seal.
This story develops. Please check updates.
