Consumer Financial Protection Bureau acting enforcement director Cara Petersen has quit, saying that she has never “seen the ability to perform our core mission so under attack.”
The US Consumer Financial Protection Bureau’s top enforcement official has reportedly resigned, accusing the Trump administration of undermining the agency’s mission in a fierce farewell email.
The agency’s acting enforcement director, Cara Petersen, said in the email seen by Reuters on Tuesday that the Trump administration’s overhaul of the CFPB — including attempts to cut 90% of its workforce — has made it nearly impossible to fulfill its mission of ensuring financial products are transparent, fair and competitive for consumers.
“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’s email read.
