Two key officials at the Consumer Financial Protection Bureau have resigned from their positions, citing their inability to continue their work under the directives of the Trump administration. Eric Halperin, Assistant Director for the Office of Enforcement, and Lorelei Salas, Assistant Director for Supervision Policy, both announced their resignations to their respective teams.
Reasons for Resignation
Eric Halperin expressed his concerns in an email to his staff, stating, “As you know we have been ordered to cease all work. I don’t believe in these conditions I can effectively serve in my role, which is protecting American consumers. Today I made the difficult decision to resign effective immediately.” Similarly, Lorelei Salas addressed her supervision staff, acknowledging their worries about the future impact of the changes and the bureau’s operations.
Response from the CFPB
Following the announcements, the Consumer Financial Protection Bureau did not provide an immediate comment on the resignations of the two officials.
Implications
The departure of these key officials raises questions about the future direction of the CFPB and its ability to fulfill its mandate of safeguarding consumer interests. The vacancies left by Halperin and Salas will need to be filled promptly to ensure the continuity of the bureau’s crucial functions.
