Anonymous
04/18/2025 11:13
Subject: CFPB RIFs today
Also, the RIFs were random— for example, in several offices, something like 1 or 2 out of 10 employees were kept but the kept employees were probationary or had been there barely a couple years while 20 year feds and/or vets were fired. It seems completely random or even targeted to keeping pretty new staff.
Read the declarations. They are insane.
Read the declarations. They are insane.
Anonymous
04/18/2025 11:07
Subject: CFPB RIFs today
Anonymous wrote:I get that a lot of people view the CFPB as a critical watchdog, and yes, protecting consumers is important. But there’s another side to the story that doesn’t get enough attention—mainly, how the agency has sometimes overreached and caused real problems, especially for small businesses and community lenders.
For example, the CFPB created a massive public complaint database that lets anyone file a grievance against a company, even if it’s never verified. That might sound empowering, but imagine running a small business and seeing your name publicly smeared over something that was never investigated. It can do real damage without due process.
They also rolled out rules—like the Qualified Mortgage rule—that hit small banks and credit unions hard, even though these institutions weren’t the ones handing out risky loans in the first place. And in auto lending, the CFPB tried to regulate dealerships, even though Congress had specifically carved them out of its authority. That move got enough pushback that they eventually backed down.
So sure, the mission sounds good on paper. But in practice, the CFPB has at times acted more like an unchecked regulator than a thoughtful consumer advocate. That’s not a slam on the idea of consumer protection—it’s a reminder that even well-meaning agencies need oversight and boundaries.
Wow so it’s so interesting you say this because if you didn’t know, there is a new administration that is welcome to pursue its own priorities while still enforcing the consumer protection law that is required by statute!
Anonymous
04/18/2025 11:05
Subject: CFPB RIFs today
Anonymous wrote:Anonymous wrote:Anonymous wrote:What about the Technology department?
Any ideas on what will happen to all the tools and platforms that consumers can use to learn or send complaints?
My understanding is that ALL of those people are getting eliminated. All.
My understanding is that the administration wants to completely get rid of CFPB and us consumers will no longer be able to file complaints.
Your understanding is correct.
Anonymous
04/18/2025 10:53
Subject: CFPB RIFs today
I get that a lot of people view the CFPB as a critical watchdog, and yes, protecting consumers is important. But there’s another side to the story that doesn’t get enough attention—mainly, how the agency has sometimes overreached and caused real problems, especially for small businesses and community lenders.
For example, the CFPB created a massive public complaint database that lets anyone file a grievance against a company, even if it’s never verified. That might sound empowering, but imagine running a small business and seeing your name publicly smeared over something that was never investigated. It can do real damage without due process.
They also rolled out rules—like the Qualified Mortgage rule—that hit small banks and credit unions hard, even though these institutions weren’t the ones handing out risky loans in the first place. And in auto lending, the CFPB tried to regulate dealerships, even though Congress had specifically carved them out of its authority. That move got enough pushback that they eventually backed down.
So sure, the mission sounds good on paper. But in practice, the CFPB has at times acted more like an unchecked regulator than a thoughtful consumer advocate. That’s not a slam on the idea of consumer protection—it’s a reminder that even well-meaning agencies need oversight and boundaries.
For example, the CFPB created a massive public complaint database that lets anyone file a grievance against a company, even if it’s never verified. That might sound empowering, but imagine running a small business and seeing your name publicly smeared over something that was never investigated. It can do real damage without due process.
They also rolled out rules—like the Qualified Mortgage rule—that hit small banks and credit unions hard, even though these institutions weren’t the ones handing out risky loans in the first place. And in auto lending, the CFPB tried to regulate dealerships, even though Congress had specifically carved them out of its authority. That move got enough pushback that they eventually backed down.
So sure, the mission sounds good on paper. But in practice, the CFPB has at times acted more like an unchecked regulator than a thoughtful consumer advocate. That’s not a slam on the idea of consumer protection—it’s a reminder that even well-meaning agencies need oversight and boundaries.
Anonymous
04/18/2025 10:35
Subject: CFPB RIFs today
Anonymous wrote:They want to be able to steal from the American people with no one to stop them. It's all about the grift and theft at this point.
I just don't see how the US recovers from this madness.
What else can we say?
I'm really sorry, OP. It's wrong what is happening.
Anonymous
04/18/2025 09:46
Subject: CFPB RIFs today
They want to be able to steal from the American people with no one to stop them. It's all about the grift and theft at this point.
I just don't see how the US recovers from this madness.
I just don't see how the US recovers from this madness.
Anonymous
04/18/2025 09:33
Subject: CFPB RIFs today
Anonymous wrote:Anonymous wrote:There is already a show cause hearing this morning. This’ll be interesting.
What's a show cause hearing?
DP. Here is the judge’s order.
MINUTE ORDER. In light of 105 plaintiffs' motion for an order to show cause as to why defendants have not violated the preliminary injunction in this case, the Court will conduct a hearing on Friday, April 18, 2025 at 11:00 AM in Courtroom 25A. It is ORDERED that defendants must have a person with personal knowledge of the scope of the Reduction in Force ("RIF") and the decision to implement it, such as the CFPB Chief Operating Officer or the Operations Manager or Chief of the Office of Human Capital, present at the hearing. It is FURTHER ORDERED that by 10:00 AM Friday, April 18, defendants must file with the Court: copies of any letters, memoranda, or emails sent to CFPB staff from Chief Legal Officer Mark Paoletta and/or Acting Director Russell Vought this week; representative samples of any RIF or layoff notices that have been issued or will be issued on April 18; and a list of all of the employees involved and their job titles. The list of employees must be filed under seal to avoid the publication of personal information with a redacted version filed on the public docket; an unredacted copy should be emailed to the Court's Deputy Clerk. SO ORDERED. Signed by Judge Amy Berman Jackson on 4/17/25. (DMK)
Anonymous
04/18/2025 09:10
Subject: CFPB RIFs today
Anonymous wrote:Anonymous wrote:What about the Technology department?
Any ideas on what will happen to all the tools and platforms that consumers can use to learn or send complaints?
My understanding is that ALL of those people are getting eliminated. All.
My understanding is that the administration wants to completely get rid of CFPB and us consumers will no longer be able to file complaints.
Anonymous
04/18/2025 09:08
Subject: CFPB RIFs today
Anonymous wrote:There is already a show cause hearing this morning. This’ll be interesting.
What's a show cause hearing?
Anonymous
04/18/2025 08:58
Subject: CFPB RIFs today
There is already a show cause hearing this morning. This’ll be interesting.
Anonymous
04/17/2025 21:53
Subject: CFPB RIFs today
Anonymous wrote:OP here - thanks to all who shared good wishes. Like my colleague, I believe that this will be further litigated as related to the ongoing CFPB court case. This action is laughable in terms of being “particularized” as per the court. Just more of Vought trying to traumatize feds.
do you think most will be ordered to be reinstated and will the administration just ignore those orders too? :-/
Anonymous
04/17/2025 21:30
Subject: CFPB RIFs today
I am so sorry. CFPB’s mission so important for Americans and one more dehumanizing, undeserved, cruel, punitive, and unfair act in Trump’s administration. When the Dems said the election was literally about democracy itself, they nailed it. Because it is unraveling before our eyes.
Anonymous
04/17/2025 20:34
Subject: CFPB RIFs today
Anonymous wrote:What about the Technology department?
Any ideas on what will happen to all the tools and platforms that consumers can use to learn or send complaints?
My understanding is that ALL of those people are getting eliminated. All.
Anonymous
04/17/2025 18:23
Subject: CFPB RIFs today
What about the Technology department?
Any ideas on what will happen to all the tools and platforms that consumers can use to learn or send complaints?
Any ideas on what will happen to all the tools and platforms that consumers can use to learn or send complaints?
Anonymous
04/17/2025 17:50
Subject: CFPB RIFs today
Anonymous wrote:Anonymous wrote:Anonymous wrote:Insane. CFPB is important.
This. The only people who begrudge consumers protection are those who intend to swindle consumers.
+1.
+1
Like all of T-Rump’s donors.