The Consumer Financial Protection Bureau’s top enforcement official resigned his post, echoing complaints from his predecessor that the Trump administration isn’t letting the agency do its work.
Michael Salemi, the CFPB’s principal deputy enforcement director and a longtime staff member, expressed his frustration at a Thursday all-hands meeting with the CFPB’s enforcement team over the Trump administration’s move to stop virtually all agency enforcement and investigative activities, according to multiple people with knowledge of the situation who requested anonymity to discuss internal CFPB matters.
Salemi in a Nov. 25 email obtained by Bloomberg Law had told the CFPB’s enforcement team ...
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