Sources report mass firings at CFPB
Mass firings or Reduction in Force (RIF) terminations were underway Thursday afternoon at the Consumer Financial Protection Bureau, three CFPB sources told ABC News.
About 1,400 to 1,500 people from an agency that had about 1,700 employees before the Department of Government Efficiency took over are expected to be terminated, sources said. About 200 employees are expected to remain, though it's unclear what their job functions will be.
"We're still counting," one agency lawyer told ABC News after being fired.
"Well I'm now a cancer survivor who's pregnant and laid off," another CFPB employee told ABC News 15 minutes after getting their RIF notice.
In a notice to the terminated employees shared with ABC News, acting CFPB Director Russ Vought wrote that the cuts are “necessary to restructure the Bureau’s operations to better reflect the agency’s priorities and mission."

"You will be separated from Federal service effective June 16, 2025," Vought wrote. "Please be advised that you will retain access to work systems, including email and internal platforms until 6:00 PM Eastern Time, on April 18, 2025. After that time system access will be discontinued, and you will be placed in an administrative leave status through your official separation date as outlined above."
CFPB regulates and enforced student loans and was set up after the 2007-2008 financial crisis to protect consumers from unfair, deceptive, or abusive practices. The agency has a massive amount of data on corporations and businesses collected from its investigations and clawed back billions of dollars for consumers.
-ABC News’ Soo Youn






