The Metro: Consumer Financial Protection Bureau’s watchdog role could be diminished by budget cuts
Angela Hanks, former associate director of external affairs at the bureau, shared her perspective on what will happen if the agency is gutted by mass layoffs.
Photo of Angela Hanks, a former associate director of external affairs at the Consumer Financial Protection Bureau.
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Nearly all federal departments and agencies seem to be under the corporate cost-cutting strategy that President Donald Trump and Elon Musk are applying to the U.S. federal departments, including Veteran Affairs, Department of Defense, Department of Education and more.
One agency that is less well-known but has been similarly impacted is the Consumer Financial Protection Bureau, which is responsible for protecting Americans from fraud, scams and unfair business practices.
Earlier this month, over 100 CFPB employees were laid off, with more lay offs expected to come. A federal judge ordered the CFPB to pause its plans for mass layoffs on Feb. 14. A hearing on the issue is scheduled for March 3.
Former Associate Director of External Affairs at the CFPB, Angela Hanks, joined The Metro to share her perspective on what will happen if the nation’s consumer watchdog agency is gutted by mass layoffs. Hanks was a Biden-Harris appointee that left the CFPB as part of normal administration transitions.
Use the media player above to hear the full conversation.
More stories from The Metro on Tuesday, Feb. 25, 2025.
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