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2025-04-18 12:02:14| Fast Company

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 confirmed the agency was moving to fire roughly 1,500 people across core divisions, including enforcement and supervision, leaving only 200 staff. Fox Business had earlier reported those numbers. The workforce action comes in the middle of legal action brought by an employee union and consumer advocates working to prevent what they said was the agency’s illegal destruction. In an emergency motion filed Thursday evening, lawyers for an employee union and consumer advocates told a federal judge the CFPB was flouting court orders requiring a “particularized assessment” prior to any such workforce reductions and that the agency retain enough staff to perform functions required by law. “It is unfathomable that cutting the Bureau’s staff by 90 percent in just 24 hours, with no notice to people to prepare for that elimination, would not ‘interfere with the performance’ of its statutory duties,” they said in the motion. According to one official notice seen by Reuters, the agency said the recipient’s dismissal would take effect in 60 days but that access to internal email systems and IT systems would be cut off on Friday evening. President Donald Trump and billionaire adviser Elon Musk called earlier this year for the CFPB’s elimination, accusing it of politicized enforcement, and with a court hearing showing the administration’s initial goal was to shut the agency down entirely. However, administration officials subsequently said the CFPB would continue to exist in some form, noting that Trump has nominated a new director. The White House did not immediately respond to a request for comment. Created after the 2008 financial crisis, the CFPB is the sole federal agency with power to enforce consumer financial laws at nonbank institutions such as mortgage originators and payment services. The agency, long criticized by conservatives, has been facing an onslaught of firings and changes under President Donald Trump. An appeals court last week partially reversed a decision handed down by a district court that ordered the administration to halt efforts to fire workers, scrap contracts and close offices. Democratic Senator Elizabeth Warren, who championed the creation of the CFPB, earlier this year said no one other than Congress could dismantle the agency and criticized Republican attempts to weaken the agency that has paid $21 billion in financial restitution to thousands of Americans. In a statement, Warren called the mass firings “yet another assault on consumers and our democracy by this lawless Administration.” (Additional reporting and writing by Pete Schroeder) Douglas Gillison and Tim Reid, Reuters


Category: E-Commerce

 

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2025-04-18 11:45:00| Fast Company

Friday, April 18, 2025, is Good Friday. But when it comes to what places are open and closed on Good Friday, things can be a bit tricky. Thats because Good Friday is not a federal holiday but a religious one. It’s the Friday before Easter, which is always celebrated on a Sunday. Yet Good Friday is also a state holiday in select states. This means that public institutions may be closed in one state but open in another on Good Friday. Heres what you need to know about whats open and closed on Good Friday 2025. Is Good Friday a federal holiday? No. Good Friday is not one of the officially recognized federal holidays. Of the 12 federal holidays in 2025, the last one was Washingtons Birthday on February 17, and the next one will be Memorial Day on May 26. Is Good Friday a state holiday? Yesin some states, anyway. According to the Federal Times, Good Friday is a recognized state holiday in 12 states: Connecticut Delaware Florida Hawaii Indiana Kentucky Louisiana New Jersey North Carolina North Dakota Texas Tennessee In most of these states, public offices will likely be closed on Good Friday. Are banks open on Good Friday? Yes, most major banks should be operating as normal on Good Friday. This includes banks like Chase, Citibank, PNC, and more. Online banking services will be available via the banks website and smartphone apps, in addition to physical bank branches being open. Are ATMs open on Good Friday? Yes. ATMs will be open on Good Friday. However, as it is the start of a holiday weekend for many people, ATMs may get picked over sooner than usual.  Is the post office open on Good Friday? Yes, as the United States Postal Service (USPS) is a federal organization, it will be open and operating as normal on Good Friday. This includes both at USPS branches and at home mail delivery. Is mail delivered on Good Friday? Yes. The USPS will deliver mail as normal on Good Friday. Are FedEx and UPS operating on Good Friday? According to FedExs holiday schedule, some FedEx delivery services will have a modified schedule on Good Friday, including its FedEx and FedEx Freight services. FedEx Office, FedEx Custom Critical, and FedEx Logistics will be open as normal. UPS says it will be operating pickup or delivery services on Good Friday. It also notes that UPS Store locations will be open. Is the stock market open on Good Friday? No. Major U.S. stock markets will be closed on Good Friday. This includes the New York Stock Exchange (NYSE) and the Nasdaq. Are schools open on Good Friday? Many schools should be closed on Good Friday, but its best to check with your school. Despite not being a federal holiday, many public schools choose to be closed on Good Friday. Most private, religious schools will also be closed. Are restaurants open on Good Friday? Most restaurants should be open on Good Friday. This includes well-known chains like McDonalds, Subway, Burger King, Arby’s, and Chipotle, which should be open. However, note that some franchise locations could be closed, as Chick-fil-A points out. Likewise, many sit-down restaurants should remain open, but you should call ahead first to make sure. Are retail stores open on Good Friday? A majority of big-box retail stores will be open on Good Friday. This includes major chains like Target, Costco, Best Buy, and Walmart. Are pharmacies open on Good Friday? You can expect most pharmacies to be open on Good Friday, including those found in Walgreens. However, pharmacies may have adjusted hours on Good Friday. Its best to check with your preferred pharmacy to confirm their hours on Good Friday. Are grocery stores open on Good Friday? Many regional grocery store chains should be open on Good Friday. However, they may have reduced hours. Its best to check with your grocery store directly to see what their operating hours are on Good Friday.


Category: E-Commerce

 

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