Petersen's resignation from the CFPB marks the end of nearly 15 years of service, amid a significant decline in the bureau's enforcement activities. Initially appointed when CFPB was created in 2011, she has observed a troubling trend of staffing cuts and case dismissals, leading to ineffective enforcement of consumer protection laws. After serving as acting enforcement director following Halperin's resignation, her departure underscores the skepticism surrounding the bureau's future, amid ongoing legal challenges and funding concerns under the new administration.
"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."
"I have served 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."
Collection
[
|
...
]