The highest-ranking enforcement official at the Consumer Financial Protection Bureau (CFPB) has resigned with an angry rebuke of how the Trump administration is treating the agency.
Acting Enforcement Director Cara Petersen said the administration “has no intention to enforce the law in any meaningful way.” Petersen, who has been with the CFPB since its creation, angrily denounced the administration in an email obtained by Reuters.
“I have served under every director and acting director in the bureau’s history and never before have I seen the ability to perform our core mission so under attack,” Petersen wrote in her email. “It has been devastating to see the bureau’s enforcement function being dismantled through thoughtless reductions in staff, inexplicable dismissals of cases, and terminations of negotiated settlements that let wrongdoers off the hook.”
Petersen added, “While I wish you all the best, I worry for American consumers.”
The CFPB did not comment on Petersen’s remarks.
spoken like a true and forever DC swamp creature. please take some of your buddies along with you
Amen Brother
So one of the angry Dems that is going to get caught with their hand in the cookie jar! Go get them President Trump ! So sad her feelings got hurt NOT
Spoken like true Trump ring kissers both of you. Don’t worry about protecting everyday Americans just worry about dismissing cases of the cronnies of the wannabe king. The CFPB did a lot to protect vulnerable everyday people. Get over yourselves with “the swamp” thing. The only swamp there is now is the whole grifting Trump Administration. The swamp has never been deeper or blacker and history will show that down the road. He has done more to destroy this country and hurt the American people than any other president before him. It is only a matter of time when something he does affects you. So many of the people that voted for him now see the light at what a narcisstic, selfish grifter he really is and they regret their vote. Open your eyes and think for yourselves instead of parroting the MAGA’s.
You are so right on with your statement
This Agency is anti-business not to protect but just a power grab bureaucracy. So many of their unfair zealous pursuits have been totally overturned by Courts. The Lib who thinks it is a good agency must be a Left Wing Elizabeth Warren follower. Pocahontas publicly has stated her prejudices against businesses, that are created to employ people and create products consumers want. No, this is another “nanny state agency” that is improperly formed with little, to no Congressional oversight in it’s formation.
LOL, the Democrats are all guilty of something. EVERY Democrat from the Biden Administration should be investigated and prosecuted. The Democrat party is a Marxist terrorist group and purely criminal. Justice is coming for Democrats and RINOs and they know it. It’s Civil War with the Democrats again…like it was 160 years ago. The Democrat party is evil.
Deb you are on point! Trump is a convected felon, adulterer, bankruptcy king and as you stated the king of grifting. The CFPB is not anti- business, they are there to make sure the uneducated and uninformed public are not victims of business trying to skirt the law! At some point all of Trump’s dealings will come to light and he will be punished.
I hope in Trump’s live time