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Story summary
- U.S. President Donald Trump’s administration proposes cutting Consumer Financial Protection Bureau (CFPB) staff by two thirds.
- The plan contrasts with efforts to eliminate nearly 90% of CFPB staff.
- Court documents show the administration will not shut down CFPB entirely, contrary to lower court findings.
- The Justice Department filed the plan with the U.S. Court of Appeals for the District of Columbia Circuit.
- CFPB representatives have not commented on the matter.
