The Consumer Financial Protection Bureau (CFPB) has announced significant shifts in its supervision and enforcement priorities, as outlined in an internal memo released on April 16. The memo indicates a reduction in examinations by 50% and a focus on depository institutions over nonbanks, with enforcement efforts prioritizing tangible consumer harm in areas such as mortgage servicing, data furnishing under the Fair Credit Reporting Act (FCRA), and debt collection under the Fair Debt Collection Practices Act (FDCPA). The CFPB has also deprioritized supervision of student lending, digital payments, remittances, and peer-to-peer platforms, and limited the use of statistical evidence in fair lending cases to those involving intentional discrimination and identifiable victims. On April 17, the CFPB issued reduction-in-force (RIF) notices to numerous employees, with terminations set to take effect on June 16. These notices were part of a broader effort by the Trump administration to cut the agency's staff by 90%, a move that has sparked controversy and legal challenges. A D.C. Circuit panel voted 2-1 to temporarily halt the downsizing plan, restoring a lower court's order that barred the layoffs. The decision was influenced by concerns that the layoffs could permanently impair the CFPB's ability to fulfill its legal obligations. Following the issuance of the RIF notices, plaintiffs filed an emergency motion on April 18, arguing that the RIF violated an existing preliminary injunction. A follow-up hearing was set for April 28. In other financial news, the Reserve Bank of India (RBI) has announced an increase in ATM charges by Rs 2 per transaction starting May 1, 2025, after customers exceed their free withdrawal limit. This adjustment will raise the charge to Rs 23 per transaction from the current Rs 21. Additionally, the Indian government is pushing forward with its 'One State-One RRB' initiative, aiming to consolidate regional rural banks across 11 states into single entities starting May 1, to enhance operational efficiency and cost rationalization. The RIF notices cited structural realignment and policy shifts as the basis for the cuts, and the CFPB's downsizing to 200 employees could have a dramatic impact on the enforcement of federal financial services laws.