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DOGE is slashing 90% of a federal agency designed to prevent another financial crisis

  • The Consumer Financial Protection Bureau (CFPB) terminated approximately 90% of its staff this week, as part of Trump's plan to reduce the agency's size.
  • The CFPB, created in 2011, aimed to prevent financial crises and has previously filed lawsuits and returned billions to consumers.
  • The termination notices were sent to about 1,500 employees, slashing the agency's workforce by nearly 90%.
  • The move to reduce the CFPB's workforce is part of Trump's efforts to cut government spending.

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