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Financial Services Law Insights and Observations

Sen. Toomey sends letter to NEC regarding CFPB employees

Federal Issues CFPB U.S. Senate

Federal Issues

On July 29, Ranking Member of the Senate Banking Committee Senator Pat Toomey (R-PA) sent a follow-up letter to the Chief of Staff at the National Economic Council, Leandra English, claiming the CFPB is “taking unusual and possibly unlawful actions” to replace civil servants at the CFPB. As previously covered by InfoBytes, Republican members of the Senate Banking Committee sent a follow-up letter to CFPB director nominee and FTC Commissioner Rohit Chopra in July, which referred to Ranking Member Toomey’s June 17 letter, asking Chopra whether he was aware of any alleged improper treatment of, or efforts to, “sideline” Bureau employees. The recent letter seeks, among other things, information regarding whether English is aware of whether the CFPB: (i) “has taken any steps between January 20, 2021, and the present to replace or encourage any career CFPB employees to leave their positions[?]”; (ii) “between January 20, 2021, and the present offered any career CFPB employees separation incentives to leave their positions[?]”; and (iii) “between January 20, 2021, and the present opened an investigation into any career CFPB employee at the Assistant Director level or above[?]”.