CFPB official whose racist writings stirred ire resigns

Associated Press |

NEW YORK (AP) — A Trump administration appointee at the Consumer Financial Protection Bureau who came under fire after racist comments he wrote years ago resurfaced is leaving the agency.

Eric Blankenstein was appointed in 2018 as CFPB's director for supervision, enforcement and fair lending. It was the last part of his title that became a source of controversy after left-leaning activist groups uncovered blog posts Blankenstein had written a decade ago where he said most hate crimes were hoaxes and that using the n-word doesn't mean someone is racist.

The writings caused considerable controversy inside the bureau. CFPB employees, particularly those in the Office of Fair Lending, said they did not feel comfortable working with Blankenstein. In his defense, Blankenstein said the writings reflected "poor judgment" and did not reflect his views today.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:



Symbol Last Price Change % Change










Blockchain in Healthcare - Discussion at the EU Parliament

From the recent Blockchain For Europe Summit in Brussels: Panel on Digital Health - How Blockchain technology can make health care systems more patient-centric and sustainable