Allied Progress Statement on CFPB Director Kraninger’s Say-Nothing Senate Testimony

Washington D.C. – Following CFPB Director Kathy Kraninger’s testimony today before the Senate Banking Committee, Derek Martin, Director of Allied Progress released the following statement:

“Once again, Director Kraninger’s reluctance to protect consumers was matched only by her reluctance to answer straight forward questions about her industry-enriching agenda. Kraninger gave us more of the same – non-answers and evasive remarks on why she thinks the best way to help consumers is to weaken protections, reduce oversight and stand up for predatory companies. Senator Sherrod Brown perhaps said it best in his opening statement: ‘How in the world do you explain to hardworking Americans why this Bureau isn’t protecting them?’”




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