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On Tuesday, the heads of the Consumer Financial Protection Bureau's (CFPB) supervision and enforcement units, Lorelei Salas and Eric Halperin, resigned in response to the Trump administration's order to halt all work at the agency. The resignations were prompted by directives from acting CFPB Director Russell Vought, who instructed staff not to report to work and to seek approval for any tasks. This move is part of a broader suspension of key financial industry oversight activities at the CFPB, reflecting the administration's efforts to restructure or potentially dissolve the agency.
'Save face': Officials at Liz Warren's pet project agency dismissed despite telling media they resigned https://t.co/dQDJnNlMuR
“Here we are again. Probably doesn’t makes a difference at this point, but no one fought for you.” — Small Business Administration Fires Staff, Calls It an Error, & Then Fires Them Again Firings align with Trump/DOGE’s effort to reduce federal workforce. The language of the… https://t.co/SjSgI3wzxj https://t.co/9KbsKhcIMG
The US Consumer Financial Protection Bureau fired some probationary staff, according to a recipient of a termination letter and people familiar with the matter, the latest move in an onslaught on the agency by the administration of President Donald Trump https://t.co/v4LinUa8s9