The leaders of the CFPB and Elon Musk Doge planned to draw almost all the staff

The leadership named by Trump of the Consumer Office plans to dismiss almost all of its 1,700 employees while “finishing” the agency, according to the testimony of employees.

In a section of declarations published Thursday evening, federal employees said that mass layout had been discussed during the meetings they attended this month with senior CFPB leaders and members of the so-called Elon Musk Government Department.

“My team was responsible for helping to end 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 that the CFPB and DOGE leaders plan was to reduce the office workforce in three phases. He would first eliminate probation and term employees, then make a wave of around 1,200 layoffs, leaving a skeleton team of a few hundred workers.

“Finally, the office” would completely reduce “within 60 to 90 days by ending most of its remaining staff,” said Doe.

The testimony of workers arrives at a crucial time for the CFPB, the agency created to protect consumers after the 2008 financial crisis caused by irresponsible loans. Since DOGE agents arrived at the CFPB for the first time this month, the office has closed its headquarters in Washington, launched the first round of layoffs and said to those who remained to stop almost all the work.

The ministry also reversed the course on several cases where it has accused financial companies, in particular Capital One Tearing customers, rejecting at least four cases on Thursday involving billions of dollars in alleged consumer damage.

The deposits containing the declarations of the employees were made in the case launched by a CFPB union, which led a judge to suspend the acting director of Russell Vought to close the office. After the CFPB dismissed around 200 probation and quarter employees, the agency’s shares were suspended to a March 3 hearing.

The documents show an apparent disconnection between part of Vought’s external messaging and behind the scenes at the office.

In a request filed on Monday in the case, Vought rejected the idea that he planned to eliminate the CFPB.

“The predicate to manage a” more rationalized and effective office “is that it will continue to be a CFPB,” he wrote.

But the Trump administration plan was to bring the CFPB back to the most important minimum staff required under the law: only five CFPB employees would remain, either in an autonomous office or folded in another regulatory body, workers said.

During meetings between February 18 and February 25, “senior executives declared by the staff that the CFPB would be eliminated with the exception of the five compulsory statories,” said another current CFPB employee, which identified as Drew Doe.

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

Another CFPB employee said he had attended a meeting of February 13 during which the office operating director Adam Martinez said the agency was in “wind mode” mode.

CFPB employees said that if they were led by the court, they would provide their names and titles under Seal.

The office has long been a target of the Republicans and financial institutions, which qualified it as a Voyouou agency which exceeded its legal authority in punishing companies. More recently, Musk has resumed the cause; He posted on his X platform, “RIP CFPB”, earlier this month when his Doge agents began their work.

In several cases in the testimony, the higher staff of the CFPB seemed to differ from the employees of Doge for critical issues.

For example, the worker Doge Jordan Wick “specifically said” that the ad hoc group of Musk wanted a massive series of layoffs by February 14.

“The office intended to comply and dismiss the vast majority of remaining employees on February 14^th“Alex Doe said.” The only reason he did not do it because of the order of this court. “”

In other cases, DOGE workers asked the CFPB staff to what depth they could reduce operations while adhering to legal requirements in areas such as consumers’ response, by testimony to the worker of the CFPB Matthew PFAFF.

Despite full access to CFPB systems and data on February 7, DOGE employees have not yet completed cybersecurity and confidentiality training required by the agency, employees said.

While Musk and Vought openly pleaded for the end of the CFPB, only the Congress can really close the agency, which was created after the legislators adopted the Dodd-Frank 2010 law.

Vought’s movements seem to allow him to claim that the CFPB still exists, while putting the touch of its role by considerably reducing its ability to supervise businesses and respond to complaints.

CFPB employees wonder if a handful of employees could credibly fulfill dozens of agency’s legal requirements, which include the response to millions of consumer complaints posted via the web and telephone lines, as well as the maintenance of advocacy offices for military veterans and the elderly.

Thursday, Jonathan McKernan, the choice of President Donald Trump to take over at the CFPB for Vought, told legislators, including Senator Elizabeth Warren, the Massachusetts Democrat credited with having stimulated the creation of the agency, which he “would fully and faithfully apply the laws related to the mission of the CFPB.

McKernan added that if she was confirmed by the Senate, he “right to the right” of the CFPB, as well as “refocus” and “would make him responsible”.

Note that Vought, who is also at the head of the management and budget office, canceled the lease at the agency’s headquarters, Senator Jack Reed, D.-Ri, told Mckennan that he was in a “very difficult position”.

“You do not seem to have much presidential support or support for the OMB, and I have that sinking that you leave Liverpool on the Titanic,” said Reed. “Good luck.”