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.

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.

Hundreds of employees at the Consumer Financial Protection Bureau have received layoff notices in the latest attempt by President Donald Trump's administration to reduce the size and scope of the bureau.