The Consumer Financial Protection Bureau has a whistleblower saying that there is fraud afoot. According to Wikipedia:
The Consumer Financial Protection Bureau (CFPB) is an agency of the United States government responsible for consumer protection in the financial sector. CFPB jurisdiction includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors and other financial companies operating in the United States.
The CFPB was set up to act independently. That does not to be working well as it has performed to enforce the liberal ideas of finance. Now they have been accused of fraud. That is due to lack of oversight. Here are the sordid details.
As Written By Jazz Shaw for Hot Air:
So who is in charge of the Consumer Financial Protection Bureau (CFPB) these days? At least according to one judge, it’s Mick Mulvaney. But the former leader, Obama appointee Richard Cordray, is going to have some questions to answer, likely in front of a Senate investigative panel. The Washington Free Beacon reports that one former examiner for the CFPB has come forward claiming whistleblower status and charged the agency with falsifying documents in their efforts to punish payday lenders.
A former employee of the Consumer Financial Protection Bureau is calling for an investigation after accusing managers of falsifying documents to impose fines on a payday lender.
Cassandra Jackson, a former CFPB examiner in the southeast division, sent a letter last week to Attorney General Jeff Sessions also accusing managers of “widespread racism and gender discrimination.”
Jackson said her superiors at the CFPB asked her to falsify documents during her investigation into a Texas-based payday lending company, Ace Cash Express.
“During the course of this examination, I was asked to change, remove, and otherwise falsify documents connected with this examination,” Jackson said.
This is an extremely serious charge and Jackson……
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