CFPB leaders and Elon Musk DOGE planned to fire nearly all staff

Elon Musk holds a saw on the stage during the Conservative Political Labor Conference (CPAC) in National Harbor, Maryland, United States, February 20, 2025.
Nathan Howard Reuters
the Consumer Financial Protection OfficeThe specific leadership plans Trump to expel all 1700 employees, while the agency “ends”, according to the employee certificate.
in Eruption From the data released late on Thursday, Federal employees said that the collective demobilization was discussed in the meetings they attended this month with senior leaders CFPB and members Elon MuskThe so -called Ministry of Governmental efficiency.
“My team was directed to help end the vast majority of CFPB as quickly
Du said that the plan from CFPB leaders and Wuj was to reduce the workforce of the office in three stages. It will remove first Test The extent, then a wave of about 1,200 layoffs, leaving a bone crew for a few hundred workers.
“Finally, the office was” completely reduced “within 60 to 90 days by ending most of its remaining employees,” said Du.
Workers’ certificate comes in a decisive time for CFPB, the agency that was created to protect consumers after the 2008 financial crisis caused by irresponsible lending. Since the arrival of DOGE customers for the first time to CFPB this month, the office has closed its headquarters in Washington, and they started the first round of the demobilization of workers and told those who still stop Almost all work.
The administration also reflected the path in many cases in which financial companies were accused, including Capital is one Who tear customers, At least four cases rejected Thursday, which includes billions of dollars in alleged consumer damage.
The files containing employee data were made in issue It was started by the CFPB, which led to the suspension of the Acting Director, Russell Fires, to close the office. After CFPB fired about 200 employees under monitored and duration, the agency’s procedures were suspended until a hearing on March 3.
“Five men and phone”
The documents show a clear separation between some external correspondence of late activity and scenes activity in the office.
in a movement Monday in the case, vaght I pushed Again against the idea that he intends to eliminate CFPB.
He wrote: “The Musnad is to run” a more simplified and effective office “is that there will be CFPB.”
But the Trump administration plan is to transfer CFPB to the minimum employees required by law: only five employees from CFPB will remain, either in an independent or folded office in another organizational body, as workers witnessed.
In meetings between February 18 and February 25, senior executives told the employees that CFPB will be eliminated except for the five positions assigned.
“One of the senior executives said that CFPB will become” a room in the treasury, the White House, or the federal reserve with five men and phone in it, “Du said.
Another CFPB employee said that or she attended a meeting on February 13, when Adam Martinez, chief operational employee in the office, said that the agency was in “Wind-Down mode”.
CFPB employees said, if the court directed her, they will present their names and titles under the SEAL.
Doug Dor
The office has always been a target for the Republicans and financial institutions, who called it the Marqa Agency that exceeded its legal authority to punish companies. Recently, Musk took the reason; Posted on his x, “Rip CFPB“Earlier this month, just as Dog’s customers started their work.
In many cases of certificate, senior CFPB staff seemed to do Dog’s employees because of critical matters.
For example, the worker, Doge Jordan Wick, stated “specifically” that the designated Musk Group wanted a huge round of workers’ demobilization by February 14.
The office intends to comply with and launch the vast majority of the remaining employees on February 14thY“Alex de.” The only reason not to do this is the matter of this court. “
In other cases, the CFPB employees asked about their depth to reduce operations while adhering to legal requirements in areas such as consumer response, for each certificate of the CFPB Matthew PFFF.
Despite the full access of CFPB and data on February 7, DOGE employees did not complete after training on cybersecurity and privacy required by the agency.
Legal requirements
While Musk and Vogue have called for the end of CFPB, it is only the congress that can really close the agency, which was created after lawmakers passed the Dodd-Frank Law for the year 2010.
Views seems to allow him to claim that CFPB is still present, while consolidating its role by greatly reducing their ability to oversee companies and respond to complaints.
CFPB employees wonder whether a handful of employees can fulfill dozens of legal requirements for the agency, which include responding to millions of consumer complaints raised via web and phone lines, as well as maintaining the offices of calling for old military and the elderly warriors.
On Thursday, Jonathan Macsan, President Donald TrumpChoose to seize CFPB for a movie, He said Located, including Senator Elizabeth WarrenDemocratic in Massachusetts, thanks to stimulating the creation of the agency, that it will “fully impose” and devote “laws related to the mission of CFPB.
Mckernan added that if the Senate confirmed, he will “achieve” CFPB, as well as “re -focus” and “make it responsible.”
Senator Jack Reed, head of the Administration and Budget Office, noted that Vogue, who is also the head of the administration and budget office, has canceled the lease contract at the agency’s headquarters, told Mckernan that he is in a “very difficult situation.”
“You don’t seem to have a lot of presidential support or OMB support, and I have this microfar feeling that you are leaving Liverpool On TitanicRed said. “good luck”.

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2025-02-28 17:39:00