Not unlike her first stint in the congressional hot seat as director of the Consumer Financial Protection Bureau (CFPB), Kathy Kraninger addressed changes to the bureau’s approach to enforcement and fulfilling its statutory mission during her second semi-annual report to Congress.
Multiple congressional representatives, including a former enforcement officer, picked apart Kraninger’s method for determining appropriate amounts for fines and restitution included in settlement agreements.
Learn what insights came out of the hearings.