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US appeals court blocks Trump admin from enacting new plans to slash consumer watchdog staff

  • Appeals court blocked the Trump administration’s plan to immediately cut CFPB staff by about two-thirds, a legal setback for the White House.
  • The Justice Department — which had once sought cuts of up to 90% — won return of the case to the lower court but was denied permission to resume mass layoffs.
  • The CFPB, created after the 2008 crash to protect consumers, is facing other pressure: staff were reassigned to DC (likely to prompt resignations) and a vocal critic was nominated to lead the agency.
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