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Two key officials at the Consumer Financial Protection Bureau (CFPB) were ousted on Tuesday as part of President Trump’s initiative to significantly reduce the agency’s workforce, sources have revealed.
Eric Halperin and Lorelei Salas, who served as the enforcement director and supervision director, respectively, were placed on administrative leave by Mark Paoleta, the chief legal officer at both the CFPB and the White House Office of Management and Budget.
Halperin, who made remarks seen as defying an order from President Trump’s aides to pause all work, resigned in response to being placed on leave.
Prior to their roles at the CFPB, both Halperin and Salas were associated with George Soros’ Open Society Foundations, with Halperin serving as a senior adviser and Salas as a fellow, as disclosed in their biographies on the CFPB website.
The bureau has been a longtime target of Republican who accuse it of being unaccountable and overzealous in its policing of financial transactions.
The ousters began at CFPB after Elon Musk’s Department of Government Efficiency initiative last week began that process of firing nearly all of USAID’s 10,000 employees — arguing that agency was unnecessary.