House subpoenas CFPB officials in discrimination case

by Ryan Smith01 May 2014
A House subcommittee has voted to issue subpoenas to officials from the Consumer Financial Protection Bureau as part of a continuing investigation into charges of discrimination at the agency.

The House Financial Services Committee’s oversight panel is investigating the charges after CFPB attorney Angela Martin accused the agency of gender bias and an independent investigator reported that she “found that the general environment…is one of exclusion, retaliation, discrimination, nepotism, demoralization, devaluation, and other offensive working conditions which constitute a toxic workplace for many of its employees.”

The CFPB refused to allow its officials to testify before the subcommittee, prompting the subpoenas, according to a Washington Post report.

“For the sake of Angela Martin and other CFPB employees who are suffering, our investigation will move forward,” said Financial Services Committee Chairman Jeb Hensarling (R-Tex.). “All those engaged in reprehensible behavior at the CFPB must be held accountable.”

Martin has testified before the subcommittee that she filed complaints against the agency for discrimination and retaliation last year after a fellow employee discriminated against her and her supervisor retaliated against her for reporting it.

She also testified that after filing the complaints, she received a phone call at home from CFPB Director Richard Cordray, who allegedly told her to “back down.”
 

COMMENTS

  • by Traci | 5/1/2014 9:16:02 AM

    If these allegations are proven true, then the CFPB should immediately be demantled. How can they possible issue rules holding mortgage originators accountable and liable for actions, when they themselves are committing discrimination or other wrong acts against their own employees. Another govt agency...do I say not as I do...crap!!! But Congress should have thought this Agency setup through more carefully. They are the ones who passed Dodd-Frank to create the CFPB. Give an agency only one director with seemingly unlimited power and no accountability and you are bound to have greed and corruption from the very beginnin.

  • by Griff | 5/1/2014 9:38:46 AM

    If true, this demonstrates all that is wrong with America. In the long run it will be discovered this agency is a bigger waste of taxpayer dollars than it is worth. We simply should not be funding an agency that pays exorbitant salaries to those lacking experience. All it does is spend tax payer money to "protect" those who could get protection another way if they are in the right.

  • by Bill | 5/1/2014 10:20:21 AM

    This is what happens when our corrupt government sets up a very powerful agency with no limitations of how they are allowed to abuse its citizens.

Poll

Is TILA-RESPA a good or bad thing long term?