Top CFPB Enforcement and Supervision Officials Resign After Ordered Halt in Activity
WASHINGTON, June 30 (Reuters) - The top enforcement and supervision officials at the U.S. Consumer Financial Protection Bureau (CFPB) have resigned, according to internal emails obtained by Reuters.
The resignations come after the Trump administration ordered the bureau to halt all activity.
"As you know we have been ordered to cease all work," said Enforcement Director Eric Halperin in an email. "I don't believe in these conditions I can effectively serve in my role, which is protecting American consumers."
Supervision Director Brian Johnson also announced his resignation in an email.
"This was not an easy decision, but I believe it is the right one," Johnson said.
The CFPB was created in 2011 to protect consumers from financial abuse. The bureau has been under fire from the Trump administration, which has called it an unconstitutional overreach.
The resignations are a major blow to the CFPB. Halperin and Johnson were two of the bureau's most senior officials.
It is unclear what will happen to the CFPB now that its top enforcement and supervision officials have resigned. The Trump administration has not yet announced any plans for the bureau.