Trump Administration Agrees to Temporarily Spare US Consumer Finance Watchdog Jobs
2025-02-14
Reuters
In a last-minute reprieve, the Trump administration has agreed not to cut any more jobs at the US Consumer Financial Protection Bureau, at least for now. According to a court order issued on Friday, workers at the bureau can breathe a sigh of relief as mass layoffs have been temporarily averted. This development comes as a significant update in the ongoing saga surrounding the bureau's future. The move is expected to impact consumer finance regulation and protection, with key areas such as financial planning and consumer rights remaining a focus. The temporary stay on job cuts brings some stability to the bureau, which has been a key player in shaping US consumer finance policy.
