Roughly 1,500 employees — or almost 90% of the agency's staff — will be cut from the CFPB, leaving around 200 people, according to an administration official who wasn't authorized to disclose the figure publicly and spoke to the Associated Press on condition of anonymity. Fox Business first reported the number of layoffs.

President Donald Trump’s administration is cutting nearly 90 percent of the Consumer Financial Protection Bureau’s (CFPB) employees in a push to significantly downsize the watchdog agency formed to shield U.

The Consumer Financial Protection Bureau is being downsized by President Donald Trump. Roughly 1,500 employees will be cut from the CFPB, leaving around 200 people, according to an administration official who wasn’t authorized to disclose the figure publicly and spoke on condition of anonymity.