Here (may be behind paywall). Deepak Gupta filed the brief the article discusses (disclosure: Deepak was a founder of this blog). Attached were many declarations, including the one the headline refers to, filed anonymously by a CFPB staffer who feared retaliation. Here’s an excerpt from the declaration:
On multiple occasions between Friday, February 7, 2025 and Tuesday, February 25, 2025, multiple Senior Executives shared that the intention of the leadership was to fire everyone but the five positions required by the Dodd-Frank Act. They also shared that all five of the CFPB’s buildings (the headquarters in DC and all of the agency’s regional offices) were being returned to the agencies that had leased the buildings to CFPB. 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.” By Thursday, February 13th, most of the CFPB’s contracts had been terminated, all of the probationary employees had been fired (via a failed mail merge), and all term employees who had not already agreed to resign were fired. It was clear to internal staff that this was not a
pause, nor audit, nor any form of analysis.
* * *
* * * 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.” * * *
