In a dramatic and highly controversial move, former US President Donald Trump has allegedly overseen a mass dismissal of senior officials at the Consumer Financial Protection Bureau (CFPB). The shake-up, described by insiders as a 'political purge', has ignited fierce debate over the independence of financial regulators.
Agency in Turmoil
According to sources close to the matter, dozens of career professionals at the consumer watchdog agency were abruptly terminated this week. The firings appear to target employees involved in key investigations and policy initiatives opposed by Trump allies.
Experts Sound Alarm
Financial regulation experts warn this unprecedented intervention could undermine the CFPB's mission to protect ordinary Americans from predatory financial practices. 'This isn't just staffing changes - it's an attempt to dismantle consumer protections from within,' remarked one former agency director.
Political Fallout
The move has drawn sharp criticism from consumer advocacy groups and Democratic lawmakers, who accuse Trump of weaponizing the agency for political gain. Meanwhile, conservative groups have applauded the shake-up as necessary to curb what they call 'regulatory overreach'.
As the controversy grows, questions mount about the long-term impact on financial oversight and whether these actions could face legal challenges.
