The CFPB faces impending layoffs of nearly 1,200 employees as a federal judge contemplates issuing a temporary block against such actions. Judge Amy Berman Jackson is reviewing evidence presented by CFPB employees and government representatives, expressing doubts about the agency's purported stability amidst the proposed reductions. She has suggested extending a pause on terminations while she determines if a more permanent injunction is required. The outcome could significantly impact consumer protection in financial services during this vulnerable time for many Americans.
Jackson has asked the government to extend an agreement to pause future terminations while she deliberates on a longer-term preliminary injunction, which she aims to decide on later this month.
Judge Amy Berman Jackson emphasized that a lot of evidence supports a decision that the same individuals discussing the reduction of force are still in place discussing it.
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