CFPB Staff Were Reportedly Warned of 'Most Unpleasant' Fallout If They Went Too Hard on Financial Firms

The U.S.

Consumer Financial Protection Bureau's (CFPB) supervision staff were reportedly warned they could face "most unpleasant" consequences if they were too aggressive while examining financial companies, according to an internal agency email.

The warning came in a May 13 email sent by Chief Examiner Fatima Batie to mid-level supervision staff as the agency prepared to resume examinations after a lengthy pause, according to an internal email and two people familiar with the matter cited in a Reuters report published on Monday.

The email reflects broader changes to the CFPB's supervisory approach under the Trump administration as it has scaled back oversight of the financial sector.

Internal Warning In the email, Batie reminded employees to be careful while conducting examinations under the agency's revised supervisory approach.