One Year Into Trump’s Second Term, CFPB Is ‘Hanging by a Thread’
One year into President Trump’s second term, the Consumer Financial Protection Bureau (CFPB) in Washington, D.C., faces an unprecedented contraction after an administration-ordered work stoppage in February 2025, mass layoff notices in April and steep funding cuts in July. The episode has left dozens of long-running investigations paused and roughly 1,400 employees issued layoff notices … Read more