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.