White House scales back plan to dismantle the CFPB but still wants to slash staff by two-thirds

NEW YORK (AP) — The Trump administration has scaled back its plans to dismantle the Consumer Financial Protection Bureau, laying out a plan for an agency that would be significantly smaller than it was under President Joe Biden but still bigger than the one President Donald Trump envisioned right after he took office.

Under the new plan, the bureau’s headcount would be reduced from 1,700 authorized employees before Trump’s second term to roughly 550 staffers. The administation originally...