Resignations at the Consumer Financial Protection Bureau

SOURCE www.npr.org
The directors of supervision and enforcement at the Consumer Financial Protection Bureau have resigned after being instructed to stop work by the agency's acting Director Russell Vought. The CFPB, created in the wake of the 2008 financial crisis, is facing uncertainty as key officials step down and work is halted.

Key Points

  • Directors of supervision and enforcement resigned
  • CFPB's work halted by acting Director Russell Vought
  • Agency facing uncertainty and disruption

Pros

  • Consumer protection
  • Enforcement of financial regulations

Cons

  • Uncertainty at the CFPB
  • Disruption in supervisory activities