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The technology team at financial regulator CFPB has been gutted

Around 20 technologists at the Consumer Financial Protection Bureau were fired on Thursday evening, gutting a team that specialized in understanding Big Tech’s entrance into financial products, three sources familiar with the matter tell The Verge.It follows an earlier round of layoffs of mostly contractors and probationary employees on Tuesday, as reported by Wired, representing the latest cuts to an agency with oversight over a field that one of Elon Musk’s companies is trying to enter. Musk, ...

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