90% of the remaining staff at the U.S. consumer financial protection bureau will be laid off

The U.S. Consumer Financial Protection Bureau (CFPB), the agency created to serve as a watchdog for American consumers against predatory business practices, said on Thursday it planned to dismiss as much as 90% of its remaining workforce, resuming mass firings less than a week after a federal court ruling granted the Trump administration leeway in setting staff levels.

Multiple agency sources said staff members had begun receiving formal notices on Thursday afternoon. A CFPB spokesperson...