CFPB employees say that the Trump administration plans to “end” agency

Several employees of the Consumer Financial Protection Office (CFPB) said in a series of court files on Thursday that the Trump administration plans to “calm” the agency, and it seems that it directly contradicts the administration’s demands earlier this week.

Consumer monitoring officials have told employees in recent days that they intend to eliminate all five employees except for five and transfer the required CFPB jobs legally to other agencies, according to court documents.

“On multiple occasions, senior executives told employees that” writing was on the wall “and that” the matter was over, but the ends. “

The employee himself added: “One of the senior executives said that CFPB will become” a room in the treasury, the White House, or the Federal Reserve with five men and a phone. “

The series of ads comes from the agency’s employees after the Trump administration denied allegations that it was trying to eliminate the agency. In one of the court files on Monday, the lawyers of the Ministry of Justice argued that the recent procedures and comments of the administration indicate that CFPB will continue to exist.

They referred to President Trump’s recent decision to nominate Jonathan Makahanan to serve as a CFPB manager, and the Acting Director Russell Fion indicates that the leadership intends to “run a more simplified and effective office.”

The Ministry of Justice wrote, “The most simplified and effective office,” is that there will be CFPB.

The National Treasury Federation (NTEU) and many external groups, which were also confirmed earlier this month as director of the Management and Budget Office, were sustained by what they described as the “dismantling of the sentence” of the agency. Earlier this month, Vogue Fusion CFPB ordered to stop all the work, finish about 100 employees and closed the agency’s headquarters.

After the Federation raised fears that the administration was preparing to perform collective demobilization and may delete the agency’s data, a federal judge temporarily prevented officials from launching employees without reason, deleting and removing data.

Alexander’s CFPB has been identified on Thursday that the agency’s chief operational employee, Adam Martinez, told employees that they intend to launch about 1,200 employees before CFPB completely reduced. ”The agency had more than 1700 employees as of 2024.

The employee said that the termination notifications were appointed on February 14, but the court order was stopped on the same day.

The employee who was identified as Drew Doe also said that the employees associated with the government competence department did not complete the Tech Billionaire Elusk team, who received access to CFPB systems and the required training data and did not sign the documents that determine the rules that govern the use of these systems and data.