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Kraninger shows backbone of CFPB at hearing
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The immediate focus for many from Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger’s appearance before the House Financial Services Committee was the discussion on the bureau’s recent policy statement surrounding abusiveness.
But the most revealing moments might have come in two of the CFPB’s most recent enforcement cases.
Read on for details from Kraninger’s appearance, including her response to notions that the CFPB was weak in its handling of a recent bank enforcement action.
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