‘Utterly outrageous’: CFPB terminates expert witness contracts
CNN
The Consumer Financial Protection Bureau has terminated contracts with multiple expert witnesses it had hired in cases against companies accused of hurting consumers.
The Consumer Financial Protection Bureau has terminated contracts with multiple expert witnesses it had hired in cases against companies accused of hurting consumers. The decision to suddenly cancel the contracts with expert witnesses suggests that the consumer watchdog no longer plans to pursue these enforcement actions under the Trump administration. “The richest man in the world is coming in to shut down a case where a lender is cheating working people,” one expert witness whose contract was canceled on Tuesday told CNN in a phone interview, alluding to Elon Musk. “It’s utterly outrageous.” The expert witnesses requested anonymity to avoid retaliation. “I’m a little bit afraid of them. They could try to sue me or send an FBI agent,” the first expert witness said. Another expert witness hired to pursue a case against a debt buyer told CNN they had been working on the case for several years before the termination notice on Tuesday.
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