US consumer watchdog's enforcement, supervision heads announce resignation
(Reuters) - The top officials for enforcement and supervision at the embattled U.S. Consumer Financial Protection Bureau tendered their resignations on Tuesday, citing the decision by President Donald Trump's administration to halt all activity at the agency, according to internal emails seen by Reuters.
"As you know we have been ordered to cease all work. I don't believe in these conditions I can effectively serve in my role, which is protecting American consumers," said Enforcement Director Eric Halperin. "Today I made the difficult decision to resign effective today."
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Why Donald Trump soured on some of his own judges
Late last month, approximately 1 billion news cycles ago, an obscure federal court made President Donald Trump very, very mad. The US Court of International Trade ruled unanimously on May 28 that the massive tariffs Trump imposed after taking office again are illegal. That ruling was suspended the next day by the US Court of Appeals for the Federal Circuit, and the tariffs will be allowed to remain in effect pending a ruling (arguments are scheduled for late July). But the appellate court's decision didn't soothe Trump. He took to Truth Social on May 29 to post a 510-word screed attacking the judges on the Court of International Trade, before turning his ire toward a more surprising candidate — Leonard Leo, the most important person in the conservative legal movement. 'I was new to Washington, and it was suggested that I use The Federalist Society as a recommending source on Judges,' Trump wrote, reminiscing about his first term. 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TODAY'S EVENTS TO WATCH * University of Michigan June consumer survey (10:00 AM EDT); Canada April manufacturing sales * European Central Bank board member Frank Elderson speaks at IMF-WB annual conference for senior supervisors Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. (By Mike Dolan) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
