Federal appeals court allows Trump administration to slash CFPB staff from 1,400 to 200.

A federal appeals court has allowed the Trump administration to proceed with laying off most of the Consumer Financial Protection Bureau's (CFPB) staff, reducing the workforce from over 1,400 employees to around 200. The CFPB, established after the 2008 financial crisis, is tasked with protecting consumers and regulating financial services. Despite critics arguing the cuts would hinder its effectiveness, the court ruled that the district court lacked jurisdiction to block the layoffs.