Trump to slash nearly 90% of Consumer Financial Protection Bureau’s workforce - MarketWatch
1. CFPB workforce reduced from 1,500 to 200 employees, impacting consumer protection efforts. 2. The focus shifts primarily to mortgage issues, neglecting digital payment supervision. 3. Legal battles ongoing as unions challenge the drastic layoffs and mission changes. 4. Elon Musk's X may benefit from CFPB downsizing, pursuing payment services with Visa. 5. Sen. Warren criticizes changes as detrimental to consumer protection and democracy.