CFPB orders remote employees to relocate to Washington or lose their job
The CFPB’s employee union has described the return-to-office directive as a de facto reduction in force, arguing that the relocation requirement is likely to pressure many employees into resigning rather than moving to Washington.
The Consumer Financial Protection Bureau has directed roughly 450 employees who live outside the Washington, D.C., area to relocate to the agency’s new headquarters or face termination.
Acting Director Russell Vought sent a memo to employees on Tuesday, giving them until July 14 to commit to the relocation. Those who accept will begin working from the agency’s new office on Sept. 6. Anyone who declines or misses the deadline will be separated from the CFPB.
The new office, at 445 12th Street SW –a building that formerly housed the Federal Communications Commission and currently houses the Pension Benefit Guaranty Corporation – has room for only about 550 workers, roughly half the bureau’s current headcount of around 1,100.
The CFPB’s employee union has described the return-to-office directive as a de facto reduction in force, arguing that the relocation requirement is likely to pressure many employees into resigning rather than moving to Washington.
A limited number of workers appear to have been exempted from the requirement, though the reasons are not publicly detailed. The agency has not commented publicly on the notices.
The push may be part of Trump administration’s moves to shrink the CFPB.