The U.S. Court of Appeals for the D.C. Circuit on Friday inexplicably paved the way for a widescale reduction in force and dismantling of operations at the Consumer Financial Protection Bureau.
In a 2-1 ruling, the D.C. Circuit Court overturned a well-reasoned preliminary injunction issued by U. S. District Court for the District of Columbia that forbade the CFPB from conducting reductions in force and ceasing the statutorily mandated operations of the Bureau. This decision could lead to widescale firings, which would result in the cessation of the Bureau’s important work protecting consumers.