Appeals Court Allows CFPB Mass Layoffs | JQJO

A federal appeals court has allowed the Consumer Financial Protection Bureau (CFPB) to proceed with layoffs affecting over 1,400 employees. The 2-1 ruling overturns a lower court injunction, siding with the Trump administration's plan to "streamline" the agency. A dissenting judge argued the action undermines Congress's intent. The National Treasury Employees Union, representing the affected workers, plans to appeal, contending the layoffs unlawfully dismantle the agency. The CFPB's budget was also recently cut significantly.