Trump Administration Retreats on Mass Firings at CFPB, but Still Wants Major Cuts

Also, Hagerty presses Finra on fee hikes

The Trump administration backed off its effort to lay off nearly the entire CFPB staff, telling a federal appeals court late last night that it now intends to retain a workforce about one-third of its peak size in the Biden era. The surprise move arguably marks a win for the employees’ union challenging the dismissals, yet there’s a growing fear among t…