CFPB Employees Fired Tuesday

This is a news story, published by Wired, that relates primarily to Zelle news.

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Consumer Finance Protection Bureau employees

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US Politics

Dozens of CFPB Workers Fired in After-Hours Blitz

Summary

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Sources tell WIRED that the CFPB 's enforcement division was hit hard, but it's unclear how many employees were fired.

The firings follow a tumultuous few days at the Consumer Finance Protection Bureau .

Staff for Elon Musk's Department of Government Efficiency shut down a portion of the agency’s homepage on Friday .

Some of those wins have come against payment processors including Block , which was ordered to pay a total of $175 million in penalties last month for allegedly failing to sufficiently protect users of its Cash App from fraud. CFPB also has an active lawsuit against JPMorgan Chase , Bank of America , and Wells Fargo for similar alleged failures on their shared payment app Zelle . Elon Musk will soon be in the peer-to-peer payments business as well, after X entered a partnership with Visa in late January ..