The reduced amount of restitution being collected by the Consumer Financial Protection Bureau (CFPB) under Director Kathy Kraninger has spurred a group of Democratic senators to mobilize, calling for an investigation by the Inspector General of the Federal Reserve.
At the center of the lawmakers’ claims are four enforcement actions during Kraninger’s first year in office in which the CFPB called for defendants to pay little or no consumer redress.
Find out more details about the senators’ claims against the bureau and Kraninger.