In declarations to federal court, CFPB employees describe a hasty process to eliminate most of the agency's staff. "[A]ll that matters is the numbers," one employee said they were told by leaders.
The temporary injunction issued by Judge Berman Jackson seeks to preserve the Consumer Financial Protection Bureau as a lawsuit filed by the agency's union proceeds.
The edict comes as Russell Vought takes over at the Consumer Financial Protection Bureau. Vought has ordered work to halt at the consumer finance watchdog, and is cutting off new funding.
