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Story summary
- The Consumer Financial Protection Bureau will furlough most of its workforce on December 31.
- The bureau will transfer its litigation to the Justice Department.
- The move follows the administration of U.S. President Donald Trump withdrawing funding from the Federal Reserve.
- CFPB acting enforcement chief Mike Salemi said all employees would be furloughed.
- Currently, CFPB employees continue to work on active cases, but funding lapses could occur in early 2026.
