Court Halts CFPB’s Quest to Carry out Extreme Firings, Abandon Its Mission 

April 18, 2025

Court Halts CFPB’s Quest to Carry out Extreme Firings, Abandon Its Mission 

WASHINGTON DC – The Trump Administration this week took further action towards dismantling the Consumer Financial Protection Bureau (CFPB). On Wednesday, an internal memo revealed that current CFPB leadership intends to scale back the Bureau’s enforcement and supervisory responsibilities and “deprioritize” substantive areas of its work, such as medical debt and student loans. Late Thursday afternoon, nearly 90% of the CFPB’s current employees received “Reduction in Force” notices. A federal court today prohibited—at least temporarily—the bureau leaders from carrying out its firings.

Below is the statement of Christine Hines, senior policy director at the National Association of Consumer Advocates

“The latest attempt to gut the CFPB by firing its staff and ditching its core responsibilities continues to put the financial security of seniors, military members, and working families at risk. This move sends a clear message to financial scammers and fraudsters that if the bureau’s new leaders succeed, corporate lawbreakers will have free rein to cheat and rip off everyday people with impunity. And with a rapidly changing financial services marketplace that other regulators are ill-equipped to respond to, this ongoing crusade to cripple the bureau is pushing us all to the edge of the next financial crisis.”

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