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Vought got into several tense exchanges with both Republicans and Democrats over what exactly the administration is cutting in the $9.4 billion rescissions package.

CFPB hit with renewed layoffs

The Republican leadership of the Consumer Financial Protection Bureau renewed a broad effort to reduce the agency’s workforce on Thursday.

Russ Vought, the acting director of the CFPB, notified many employees today that they had been included in a “reduction in force (RIF) action.” Affected employees will be locked out of their work computers at 6 p.m. tomorrow, according to the notice we scooped here.

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We need vigorous debate—at the highest levels of government, in corporate boardrooms, and in society at large—about what “AI for good” looks like. The first signs of the societal disruptions of AI are already here. We need to do AI right and strike the moratorium on regulation from the BBB.

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