CFPB Unit Had 'Plantation Mentality,' Ex-Employee Says

Law360, Washington (June 18, 2014, 7:54 PM EDT) -- A Republican-led House panel investigating allegations of mismanagement at the Consumer Financial Protection Bureau heard testimony from two workers on Wednesday alleging CFPB managers were prone to cronyism and discrimination, with one saying his unit was dubbed "the plantation" and that he was discriminated against by black managers.

Ali Naraghi, an examiner in the southeast region of the CFPB's Supervision, Enforcement and Fair Lending Division and Kevin A. Williams, a former quality assurance monitor with the CFPB's Office of Consumer Response, both told a House Committee on Financial Services subcommittee that they had experienced discrimination at the hands of managers at...

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