Trump Administration Agrees to Temporarily Spare Consumer Finance Watchdog Jobs
2025-02-14
Reuters
In a last-minute move, the Trump administration has agreed not to lay off more staff at the US Consumer Financial Protection Bureau, providing an 11th-hour reprieve for workers who feared mass layoffs. This temporary agreement, issued in a court order on Friday, offers a brief respite for employees of the consumer finance watchdog. The decision may impact the future of consumer protection and financial regulation in the US, with potential implications for consumer finance and financial services. The bureau's work on consumer financial protection and financial regulatory issues will continue for now.
