Cara Petersen has left her role as the acting enforcement director of the CFPB, claiming the Trump administration has severely attacked the agency’s core mission. She stated that staff reductions have made it challenging to enact consumer protections.
Petersen’s email highlighted concerns over diminished corporate accountability and enforcement failures leading to consumer risks, emphasizing that the CFPB was established to safeguard consumers post-2008 financial crisis.
Leave a Reply