CFPB examiner Ali Naraghi told a congressional subcommittee Wednesday the bureau's enforcement lawyers discussed plans to bring actions against regulated entities prior to examiners finishing their work or even discovering a violation.
Naraghi, who works in the CFPB's southeast region of the Supervision, Enforcement and Fair Lending Division, testified along with Kevin Williams, former quality monitor in the Office of Consumer Response, before the House Financial Services Oversight and Investigations subcommittee. The hearing was the third to investigate allegations of discrimination and retaliation at the bureau.
Naraghi said he attempted to blow the whistle on what he called results-oriented exams, in which headquarters officials directed examiners to find a violation even if none occurred.
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