Trump Administration Halts Mass Layoffs at Consumer Protection Agency
A federal judge has intervened to block mass layoffs and funding cuts at the Consumer Financial Protection Bureau (CFPB), a key agency tasked with regulating financial institutions and protecting consumers from predatory practices. The CFPB, established to crack down on 'junk' financial products, will continue to operate with its current staff and budget. This move comes as a relief to consumer advocates who had expressed concerns about the impact of the layoffs on the agency's ability to enforce financial regulations and protect vulnerable consumers. The decision is seen as a significant setback for the Trump administration's efforts to roll back consumer protections. Key issues like financial regulation and consumer protection will continue to be a focus for the CFPB.