Elon Musk and CFPB plan to fire nearly all staff, dismantling agency

From CNBC: 2025-02-28 09:44:54

Elon Musk brandished a chainsaw at CPAC. The CFPB plans to fire 1,700 employees and dismantle the agency, according to employee testimony. The layoffs would occur in phases to leave only five statutory positions. The Trump administration aims to eliminate most staff, pending a court hearing on March 3.

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