CPFB starts to dismiss the staff while the agency adjusts its focus: NPR

Some employees of the Consumer Financial Protection Bureau were dismissed in the aftermath of a decision by the court who had released the road for dismissals. Here CFPB Union members and supporters gather outside the CFPB headquarters in Washington last month, DC

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Employees of the Bureau for Financial Protection of the consumer have started receiving dismissal reports, the last attempt by the Trump administration to reduce the agency and reduce the scope of her work.

“This RIF promotion is necessary to restructure the activities of the agency to better display the priorities and mission of the agency,” read one of the notifications of NPR, referring to reduction-in-force actions.

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Laurel Wamsley deals with what happens at CFPB. If you have a tip, you can safely contact her on signal at Laurel.96.

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Employees started on Thursday afternoon to receive the reduction-in-force knowledge. It was not immediately clear how many employees of the agency received the notifications.

The reduction of the reduction comes into effect after one Recent pronunciation Due to a federal professional panel, the road cleared for the dismissals. The Panel with three judges said that the leaders of the agency can send a reduction in employees to employees who have determined that they are not needed to perform the statutory duties of CFPB.

Otherwise, the panel left intact a separate order of a federal court that prevents the agency from being dismantled – including his data cannot be removed or destroyed, and that employees must receive the workspace or tools to work remotely.

The CFPB did not respond to NPR questions about whether the dismissals had begun.

New direction for the CFPB

The dismissals come after the chief advisor of the office has sent a memo to CFPB employees on Wednesday evening in which a new direction is placed in front of the desk.

In the memo, which was viewed by NPR, Chief Legal Officer Mark Paoletta said that the agency would lean on states on states to carry out more enforcement and supervisory activities, with the argument that this agency could concentrate on tangible damage to the consumer. “

Paoletta also said that the agency would shift its focus to banks and storage institutions such as credit associations and commercial banks.

He added that the agency would “deprior” a number of areas that it has regulated in recent years, including medical debts, peer-to-peer platforms and digital payments.

The last item is remarkable because Elon Musk, who tweeted “CFPB RIP”, has built a digital payment platform- a platform that would apparently be under the supervision of CFPB. In February, the Musk’s Department of Government Efficiency (Doge) team entered the headquarters of the Bureau’s headquarters and took control of important systems.

The CFPB, which was founded in the aftermath of the Financial Crisis of 2008, has become a target of the Trump administration and some in Silicon Valley and on Wall Street, who say that it conveys in its regulation.

Consumer organizations criticized the reorientation of the office as described in the Memo of Paoletta and said it meant a considerable cut in his mission.

“The CFPB cannot simply shoot the responsibilities of the consumer protection congress and expect states to maintain federal legislation,” said Lauren Saunders, associated director of the National Consumer Law Center.