Government Watchdog Launches Probe into CFPB

From: Reverse Mortgage Daily

 by Cassandra Dowell

The Government Accountability Office will conduct a review of the Consumer Financial Protection Bureau’s (CFPB) organizational culture and management practices in light of allegations that CFPB managers are discriminating against employees based on race and gender and retaliating against employees who complain.

The congressional watchdog agency’s review comes on the heels of a House of Representatives subcommittee’s investigation, ongoing since April, into CFPB employee practices. 

During the subcommittee’s investigation, CFPB Examiner Ali Naraghi testified that he was a victim of retaliatory practices by several executive level agency employees. In one circumstance, Naraghi claimed bureau management had at one point referred to him as a “f’ing foreigner,” despite his being a naturalized U.S. citizen. 

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