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Monday, August 3, 2026

CFPB staff purge begins with dozens of employees terminated

by marketdash
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Acting director of the Office of Management and Budget Russell Vought speaks with reporters during a press briefing at the White House in Washington on March 11, 2019.

Jonathan Ernst | Reuters

The Consumer Financial Protection Bureau sent termination notices to several dozen employees late Tuesday, according to people with knowledge of the situation.

The affected staff were mostly those with probationary status, said the people, who asked for anonymity to speak candidly after orders to stop all agency work, including speaking with reporters.

Being on probation means the employee is in a trial period, often lasting a year or two, after starting a new government position, and does not reflect performance, the people said.

The move comes amid a broader effort under President Donald Trump to trim federal staff. The Office of Personnel Management asked federal agencies for lists of all recently hired workers because they are the easiest to…

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