The CFPB is ending telework—a move that requires 1,100 employees to report to work five days a week to a new headquarters in Washington, D.C., The American Banker reported.
The publication reported that the bureau’s Chief Operating Officer, Adam Martinez, said in a memo that employees will begin moving to the new headquarters at 445 12th St. N.W. in Washington on June 1. The building is the former headquarters of the Federal Communications Commission and the current headquarters of the Pension Benefit Guaranty Corporation.
The decision to end telework includes 450 employees who live outside the Washington, DC area; the CFPB is terminating leases on all four of its regional offices, according to The American Banker.