CFPB agrees to pause layoffs following district court order
On February 14, the U.S. District Court for the District of Columbia ordered the CFPB to pause any layoffs. As previously covered by InfoBytes, and following a February 14 hearing, the CFPB agreed to halt any CFPB employee terminations (except for those related to performance or conduct) and not issue any notice of reduction-in-force to any CFPB employee, among other items. The union representing CFPB employees, the plaintiffs, alleged the CFPB’s Acting Director, Russell Vought, plans to terminate up to 95 percent of the workforce. The court scheduled the next hearing for this case on March 3.
Visit our resource center, CFPB Pause: Where From Here?, to stay on top of the latest and what it may mean for the federal and state regulatory and enforcement landscape.