Two Top Officials at the US Consumer Agency Resign Amid Trump Admin Directives

Two top officials in the U.S. Consumer Financial Protection Bureau (CFPB) announced Tuesday that they are resigning from their positions in the midst of orders issued by the Trump administration to suspend funding. Eric Halperin, the agency’s director of enforcement, and Lorelei Salas, the head of supervision, issued emails that they would be resigning. “As you know we have been ordered to cease all work,” Halperin wrote in his email. “I don’t believe in these conditions I can effectively serve in my role, which is protecting American consumers.” Salas also wrote in a separate email that she could not continue to serve in her role at the agency, which was established in 2011 under the Obama administration and is responsible for consumer protection in the U.S. financial sector. The agency was originally proposed in 2007 by Elizabeth Warren, who is now a Democratic senator from Massachusetts, while she was a law professor, and was authorized under the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010....