Hatchet Job on CFPB Even Worse in the Details

Acting Director of the Consumer Financial Protection Bureau Russ Vought has tried to fire most of the staff and cripple its functions.

The union for CFPB employees has successfully beaten both attacks back, and a hearing today will determine whether the second effort will formally fail.

The systematic federal workforce destruction has left government.

The one individual left in the Office of Servicemember Affairs , a statutory position that protects military members from consumer fraud, took the “Fork in the Road ” buyout and has no access to CFPB systems while on administrative leave.

The entire team of the chief privacy officer was let go, meaning that the agency could not comply with any statutory requirements around agency safekeeping of data.

Some of the Office of Research’s obligations have enormous implications for mortgage markets, says Julian Zelizer .

Zelizer: CFPB leadership has talked about outsourcing the entire calculation, which is a regulatory tool, to the private company that supplies some of the data.

He says the agency's ability to supervise and enforce the law would be almost nonexistent, its ability to carry out what Congress asked it to do would be destroyed.