A top CFPB examiner warns staff to tone down aggressive inspection tactics, threatening severe repercussions — including from an unnamed higher authority — as exams restart after a major pause. This signals a broader regulatory retreat under the Trump administration, which seeks to curb financial oversight to boost lending and growth. Former interim director Russell Vought pushed for minimal disruption, even calling past examiner behavior “thuggery,” while new directives like a “humility pledge” aim to rein in staff. Critics say this intimidation could chill investigations, giving banks undue leverage and undermining the agency’s consumer protection mission — especially as the CFPB has already slashed exams by half and shifted focus away from key areas like student loans and medical debt.
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