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Kraninger Leaves CFPB Diminished Yet Prepared for Biden Ramp-Up

Kraninger Leaves CFPB Diminished Yet Prepared for Biden Ramp-Up

Kathy Kraninger’s 2 yrs atop the CFPB saw an easing of enforcement and regulations, but she left set up the groundwork for the consumer watchdog agency to go back to its old kind.

The customer Financial Protection Bureau under former Director Richard Cordray had been viewed as a robust regulator that aimed to push the envelope in overseeing economic market individuals. The legislative director for the National Association of Consumer Advocates by contrast, Kraninger saw the bureau become a far more quiescent regulator, said Christine Hines.

“During her tenure it absolutely was more info on making life a bit that is little when it comes to economic industry and financial institutions,” she said. Continue reading Kraninger Leaves CFPB Diminished Yet Prepared for Biden Ramp-Up