The Consumer Financial Protection Bureau (CFPB) will become more efficient by slashing spending and reducing staff this year and beyond, according to the agency’s annual performance plan for fiscal year 2019.
The CFPB expects to spend $533 million in FY 2019 and $503.9 million in FY 2020, a drop of 9 percent from 2018.
Read on for more from the report, which also advocates decreasing the agency’s Supervision, Enforcement and Fair Lending budget.
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