The Trump administration plans to the Consumer Protection Office cavity (CFPB) by launching 95 % of its employees while canceling the lease contract at its headquarters in Washington, DC, according to a federal lawsuit aimed at stopping the moves.
If it succeeds, collective workers will only leave the skeleton of the Agency accused of the police method in which large banks and other financial services companies such as the on -day payment lenders and credit offices are dealt with.
CFPB was currently closed after the Acting Director Russell vowage the staff to stop all work and stay at home from the office this week. It has also started Dozens From employees and Cancel contracts With sellers and expert witnesses.
Administration officials were open to their goal of eliminating the agency: After the members of the Doug team arrived at its headquarters last week, the billionaire carried the “Rip CFPB”, while President Donald Trump He told reporters On Tuesday it was very important to get rid of. “
He said, “It was also a waste.” There was a bad set of people who managed. … that was a vicious group of people. They destroyed many people. “
The new lawsuit, which was filed on Thursday in Washington by a federal employee federation, as well as non -profit organizations working with CFPB, seeks to reflect VIOgh’s work orders and any additional shooting. He argues that collective layoffs will leave the office unable to perform its basic functions required under the law.
“Trump’s actions and immediately disrupting CFPB have already caused collective confusion and imposed great harm and cannot be repaired on consumers throughout the country,” says the lawsuit. “In the absence of immediate comfort, the defendants will continue to increase the lives of countless civilian employees.”
Among the other tasks required under the statute, CFPB has stopped all its supervision of other banks and lenders, as the case notes. The agency’s gate for consumer complaints has also been disrupted. ”The agency usually receives hundreds of thousands of complaints every month.
According to the lawsuit, Veedt also plans to restore CFPB operating reserves to the Federal Reserve, which funds the agency. During the weekend, the Federal Reserve informed that consumer monitoring will not require any new financing for the next quarter because it intends to spend its reserves.
The lawsuit is not cited with a source of mass shootings, but rumors have spread among current and former employees that group shootings may be imminent. It states that Trump officials “informed the Public Services Administration that they are banning the contract of the CFPB headquarters.”
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