Kathy Kraninger’s two years atop the CFPB saw an easing of enforcement and regulations, but she left in place the groundwork for the consumer watchdog agency to return to its old form.
The Consumer Financial Protection Bureau under former Director Richard Cordray was seen as a robust regulator that aimed to push the envelope in overseeing financial market participants. By contrast, Kraninger saw the bureau become a far more quiescent regulator, said Christine Hines, the legislative director for the National Association of Consumer Advocates.
“During her tenure it was more about making life a little bit easier for the financial ...
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