Employees at the Consumer Financial Protection Bureau said the Trump administration is planning to “wind down” the agency, the Hill reported, citing court filings.

All but five employees are set to be terminated, according to court documents obtained by The Hill.

“On multiple occasions, staff were told by Senior Executives that ‘the writing was on the wall’ and that ‘it was all over but the terminations,'” said one employee, identified by the pseudonym Drew Doe. “One Senior Executive said that CFPB will become a ‘room at Treasury, White House, or Federal Reserve with five men and a phone in it.”

Read more at Newsmax© 2025 Newsmax. All rights reserved.