Consumer Financial Protection Bureau Director Richard Cordray was in the headlines again last week, this time because one of his senior executives tried to prevent a whistle blower from delivering stunning testimony describing what may well be the most hostile workplace for minority employees in the federal government.
But that was not the only disturbing disclosure during the June 18 hearing of the House Financial Services Committee. Listen to Rep. Maxine Waters, D-Calif., the committee’s top Democrat: “I’m disappointed that a package to destabilize CFPB‘s leadership and its autonomy and tie its funding to the whims of congressional appropriations process made its way through the U.S. House of Representatives. If enacted into law, we will be one step closer to the Republican goal to ending the CFPB’s ability to protect all consumers, including students, seniors, families and service members.”
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