CFPB’s partner coercion arch resigns: Sources

Kristen Donoghue, a partner executive for coercion during a Consumer Financial Protection Bureau, has resigned, sources said.

Donoghue was one of a few remaining comparison coercion managers hired by former Director Richard Cordray. She assimilated a CFPB in 2011 and early on worked alongside now-Sen. Elizabeth Warren, D-Mass., who initial due and helped determined a agency.

Donoghue’s abdication comes reduction than a week after Eric Blankenstein — a CFPB’s process executive for supervision, coercion and satisfactory lending — also resigned.

Cara Petersen, a principal emissary to a partner executive for enforcement, was named behaving executive of enforcement, according to sources informed with a matter. Jeff Ehrlich, a stream emissary coercion director, will turn principal emissary for enforcement.

Donoghue has hold several positions during a CFPB including principal emissary coercion director, partner lawsuit emissary and emissary coercion executive for process and strategy. Donoghue had been a lawsuit profession during Hogan Lovells for some-more than a decade before fasten a CFPB.

Her abdication presents a plea for CFPB Director Kathy Kraninger. It is misleading nonetheless if Kraninger skeleton to follow in a footsteps of former behaving CFPB Director Mick Mulvaney, by stuffing tip care positions with domestic appointees.

Donoghue became a second comparison personality during a CFPB to doubt because her boss, Blankenstein, remained a conduct of supervision, coercion and satisfactory lending given that he had suggested in past papers that many hatred crimes were “hoaxes.”

“The denunciation used, and sentiments expressed, are totally unsuitable and call into doubt Eric’s ability to lead a satisfactory lending module specifically, and a multiplication generally,” Donoghue wrote in an email to staff final year.

At a time, Donoghue pronounced her feelings were common by a whole coercion multiplication of roughly 100 attorneys.


Kate Berry


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Article source: http://www.nationalmortgagenews.com/news/cfpbs-assistant-enforcement-chief-resigns-sources

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