Skip to main content

CFPB Faces Internal Strife Over Director’s Race-Related Blogging

Phil Hall
Oct 01, 2018
The Consumer Financial Protection Bureau has announced that it has taken measures to make it easier for consumers with urgent financial needs to obtain access to mortgage credit more quickly in the middle of the COVID-19 pandemic

An internal fight has erupted within the Consumer Financial Protection Bureau (CFPB), with the officer in charge of fair lending agitating against a top agency executive over race-related blog posts he wrote 14 years ago.
The Hill obtained an internal e-mail from Patrice Ficklin, Director of the CFPB’s Fair Lending Office, in which she told the agency’s staff that he asked Acting Director Mick Mulvaney to stop his proposed halt a reorganization after news reports concerning anonymous posts made in 2004 by Eric Blankenstein, the Policy Director for Supervision. Ficklin had initially issued a statement to the CFPB staff supporting Blankenstein, but in her latest e-mail, she expressed concern over ceding control of lending discrimination cases in view of what she dubbed “deeply disturbing and offensive” by Blankenstein that claimed most hate crimes were hoaxes. Blankenstein’s posts also downplayed the racist connotations connected with the use of the n-word.
“I no longer [have] faith that the Bureau’s obligation to enforce the fair lending laws with be faithfully discharged in the currently contemplated reorganized structure,” Ficklin wrote to agency employees.
Blankenstein affirmed his authorship of the posts last week in a Washington Post interview, but dismissed concerns about the contents of his earlier writing by stating “reading snippets of 14-year-old blog posts that have nothing to do with consumer protection law” was “a naked exercise in bad faith, and represents another nail in the coffin of civil discourse.”

Oct 01, 2018
CFPB Reports Trends In Financial Assistance

The latest developments from this study reveal that most consumers have exited the payment assistance they received at the start of the pandemic.

Analysis and Data
Jul 14, 2021
CFPB Orders GreenSky To Refund $9M In Unauthorized Loans

The consent order requires GreenSky to refund or cancel up to $9 million in loans for the customers harmed by this illegal conduct.

Regulation and Compliance
Jul 13, 2021
CFPB Warns Landlords And Consumer Reporting Agencies To Report Accurate Rental Information

Inaccurate rental or eviction information can unfairly block families and individuals from safe, affordable housing.

Regulation and Compliance
Jul 01, 2021
FHFA Mandates Quarterly Fair Lending Reports

FHFA issued orders for all enterprises to submit quarterly Fair Lending Reports with data and information to improve the FHFA’s capabilities. 

Regulation and Compliance
Jul 01, 2021
FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End

The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure that would be prohibited by the CFPB protections for borrowers affected by COVID-19.

Regulation and Compliance
Jun 30, 2021
CFPB Finds Evidence Of Redlining And Deceptive Acts In 2020

Enforcement actions resulted in more than $124 million in consumer remediation and civil money penalties in 2020

Regulation and Compliance
Jun 29, 2021