CFPB whistleblower says documents falsified to justify fining payday lender

CFPB whistleblower says documents falsified to justify fining payday lender
Richard Cordray, Elizabeth Warren

[Ed. – Creating the CFPB was always about creating a way to dangle these lenders and set up an ongoing shakedown racket — with an eye to eventually controlling the whole racket.  It’s a freaking mob takeover.]

Cassandra Jackson, a former CFPB examiner in the southeast division … said her superiors at the CFPB asked her to falsify documents during her investigation into a Texas-based payday lending company, Ace Cash Express.

“During the course of this examination, I was asked to change, remove, and otherwise falsify documents connected with this examination,” Jackson said.

Jackson said she was asked to remove document evidence proving Ace Cash Express was complying with CFPB rules and to write a report including findings she knew to be “false and fabricated.” …

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Jackson refused to follow management’s orders and said she was retaliated against for not falsifying the report. Managers then “proceeded to modify the report” and used it to “garner” a $10 million settlement with the company, even though Jackson said her report “did not find significant violations by the lender.”

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