Trump’s Plan to Shut Down CFPB: What It Means for Consumers
The Trump administration, alongside Elon Musk’s Department of Government Efficiency (DOGE), is pushing forward plans to shut down the CFPB and fire nearly all its employees, according to newly released testimonies. Federal employees reported in statements Thursday that mass layoffs were a key topic in recent meetings. The Consumer Financial Protection Bureau (CFPB), originally established…