Acting Enforcement Director Cara Petersen has resigned from the CFPB, revealing that current leadership under President Trump is not committed to enforcing consumer protections. Petersen, who has been with the agency since its inception 15 years ago, expressed her concerns over significant staff reductions and dismissals of important cases. Her resignation follows that of the agency’s supervision chiefs and emphasizes a broader initiative to weaken the CFPB's enforcement capabilities, aligning with Republican criticisms that the agency is overly powerful and lacks adequate oversight.
Petersen's departure marks a significant shift, highlighting concerns over the current leadership's commitment to enforcing consumer protections at the CFPB.
Acting Director Russell Vought's plan to cut workforce and drop enforcement cases signals a dramatic change in the agency's approach to consumer protection.
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