Cara Peterson, the acting head of enforcement in front of the consumer’s financial protection office, stopped on Tuesday after sending a fiery Email to her department that denounced the efforts of the Trump administration to close the watchdog agency.
“I have served among every director and acting director in the history of the agency and I have never seen the opportunity to perform our core mission,” written Mr Peterson, who had worked at the agency since its foundation in 2011.
The Consumer Bureau, the only federal supervisor and enforcer of the financial protection of consumers, has fought for the survival since President Trump Russell T. Vought, the director of the White House -Budget, installed as acting leader of the agency at the beginning of February. The congress has set up the agency and only the congress can close, but Mr. Vought stopped almost all of his work and tried to dismiss 90 percent of his staff. Have judicial orders Temporarily paused shootingBut many of the staff of the agency are on administrative leave.
Mrs Peterson became the acting head of the enforcement of the office after the previous enforcement leader, Eric Halperin, Deductible in February With its own destructive e -mail. Since then, Mr. Vought has left and rejected most enforcement cases of the office, including large court cases against large banks over Fraud on their payment apps And deceptive tactic Those customers of higher interest rates robbed their savings accounts.
He has also terminated various settlement agreements, so that companies can keep money they had agreed to pay in fines and reimbursements of customers. Last month the desk ended An order that Toyota required to repay $ 48 million to customers who had prevented the car manufacturer to cancel unwanted insurance products.
“It is clear that the current leadership of the agency does not intend to maintain the law in a meaningful way,” wrote Mrs. Peterson in her farewell email. “Although I wish you the best, I am worried about American consumers.”
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