CFPB leaders and Elon Musk Dege planned to fire almost all staff

He Consumer Financial Protection OfficeThe leadership designated by Trump plans to say goodbye to almost all its 1,700 employees while “liquidates” the agency, according to employee testimony.

In Treasure Of the statements published on Thursday night, federal employees said that the mass dismissal was discussed in the meetings attended this month with senior CFPB leaders and members of ELON ALMIZCLEThe so -called government efficiency department.

“My team was aimed at helping to finish the vast majority of CFPB employees as quickly as possible,” said an employee identified as Alex Doe, a pseudonym used for fear of reprisals.

Doe said the CFPB and Doge leaders plan was to reduce the workforce of the office in three phases. First would eliminate test and term employees, then carry out a wave of approximately 1,200 layoffs, leaving a skeletal crew of a few hundred workers.

“Finally, the office would” reduce in total “within 60-90 days ending most of its remaining staff,” said Doe.

The testimony of the workers arrives at a crucial moment for the CFPB, the agency created to protect consumers after the 2008 financial crisis caused by irresponsible loans. Since the agents of Dugo first arrived at the CFPB this month, the office closed its Washington headquarters, began the first round of layoffs and told those who remained to stop Almost all work.

The presentations were made in the case Started by a CFPB union that suspended the movements of the interim director Russell Vought to close the office. After the CFPB shot about 200 test and term employees, the agency’s shares were suspended until a audience of March 3.

The documents show an apparent disconnection between some of Voucht’s external messages and the activity behind the scene in the office.

In motion Filed on Monday in the case, vought pushed Back against the idea that he planned to eliminate the CFPB.

“The predicate to execute a ‘more simplified and efficient office’ is that there will continue to be a CFPB,” he wrote.

But the Trump administration plan was to bring the CFPB to the best minimum staff required by law: only five CFPB employees would remain, either in an independent office or folded in another regulatory body, workers testified.

In the meetings between February 18 and February 25, “the senior executives told staff that the CFPB would be eliminated, except the five successfully mandatory positions,” said another current CFPB employee, is identified as Drew Doe.

“A senior executive said that CFPB will become a ‘room in the treasure, the White House or the Federal Reserve with five men and a phone’,” said Doe.

The office has long been a objective of Republicans and financial institutions, which have called it a dishonest agency that exceeded its legal authority in punishing companies. More recently, Musk has assumed the cause; He posted on his X “RIP CFP” platform earlier this month just when his Dux agents began their work.

In several cases in the testimony, CFPB senior personnel seemed to differ to Doge employees for critical issues. For example, Doge Jordan Wick worker, “he said specifically” that the efficiency department wanted a massive round of layoffs for February 14.

“The office intended to comply and say goodbye to the vast majority of the remaining employees on February 14^th“Alex Doe said.” The only reason he did not do it is for the order of this court that temporarily prohibits him. “

The employees said that, if the court indicates it, they would provide their names and titles under seal.

This story is developing. Consult the updates again.