CFPB Enforcement Chief Resigns in Protest of Trump-Era Bureau Cuts

A top official at the U.S. Consumer Financial Protection Bureau (CFPB) has resigned, alleging that the Trump administration’s dismantling of the agency’s enforcement power is hindering its ability to protect American consumers. Cara Petersen, the acting director of enforcement, delivered her resignation in a scathing email obtained by Reuters, criticizing recent policy shifts such as proposed staff cuts of up to 90%. This move has left her position untenable and highlights a broader effort to weaken the bureau’s ability to ensure fairness and transparency within the financial marketplace.