The Consumer Financial Protection Bureau (CFPB) has begun issuing mass layoff notices to approximately 1,500 employees, despite a federal court order prohibiting further layoffs. Acting Director Russell Vought communicated that the reductions are necessary to align the bureau's operations with its priorities. This move comes amid a broader restructuring that involves shifting resources from enforcement and supervision roles. A prior court ruling had prohibited layoffs unless related to employee performance, but a recent appeals court ruling allowed the CFPB to proceed with certain layoffs deemed necessary for fulfilling statutory duties.
I regret to inform you that you are affected by a reduction in force (RIF) action... This RIF action is necessary to restructure the Bureau's operation to better reflect the agency's priorities and mission.
The CFPB would shift resources away from enforcement and supervision that can be done by the States and rescinded previous enforcement and supervision priority documents.
Collection
[
|
...
]