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Lowlights from CFPB Director Kathy Kraninger’s Evasive Testimony to the House Financial Services Committee
Washington D.C. – During her defensive appearance before the House Financial Services Committee today, CFPB Director Kathy Kraninger delivered one non-answer and non-commitment after another to serious questions about her decisions to abandon consumers on several fronts – from the precipitous decline in enforcement actions to her industry–enriching rulemaking to badly neglecting the student loan…
Kraninger’s “Buyer Beware” Philosophy of Inaction Is Costing Consumers Billions Washington D.C. – Now ten months on the job, Trump CFPB Director Kathy Kraninger is firmly set in her ways of prioritizing industry demands over consumer needs. As Kraninger prepares to testify at back-to-back Congressional appearances today and Thursday, consumer watchdog group Allied Progress released a…
CFPB Director Kraninger Packed Over Half the Consumer Advisory Board with Financial Industry Insiders
She has marginalized the voices of consumer advocates in favor of those who are just chasing profits.
Not Again…Trump CFPB Official Leading Effort to Gut Debt Collection Rules to “Kick Off” Another Ritzy Debt Industry Conference
The amount of face-time industry executives get with Trump’s CFPB officials is extraordinary.
Facing Legal Trouble, DeVos’ ED Promises Judge “Better Oversight” of Student Loan Servicers … Despite Record Protecting the Industry at Every Turn
Washington D.C. – Struggling student borrowers got their answer to what it would take for Trump Education Secretary Betsy DeVos to finally acknowledge bad behavior in the student loan servicing industry. Turns out it’s the prospect of being held in contempt of court and even serving jail time, which arose this week after DeVos defied…
Speaker Pelosi, Chairwoman Waters Do What CFPB Director Kraninger Won’t: Fight for a Strong, Independent Bureau
Kraninger may be in the tank for Trump and his payday lending friends, but we need a future CFPB Director who is willing to stand up for consumers.
Payday Lenders Host High-Dollar Trump Fundraiser Featuring VP Mike Pence, The Latest ‘Thank You’ to Trump for Gutting Payday Protections
Trump’s CFPB Has Already Saved the Payday Industry Over $900 Million By Pushing More Consumers into the Payday Debt Trap WASHINGTON, D.C. – Executives from payday lending companies Advance Financial and Cash Express are among the top sponsors for a mega-dollar fundraiser for the Trump reelection campaign in Nashville, TN today. Tickets are going for as much as $100,000 for…
CFPB Director Kraninger Appoints Banker Once Dubbed the “New Face Of The Housing Crisis” to Her Advisory Board
The Director ought to seek counsel from people interested in ensuring fairness and transparency in the home-lending market, not a Wall Street banker who got rich pushing risky mortgages.
DeVos is the walking-talking impediment to ending the black student debt crisis.
Backlog of Student Loan Borrower Defense Claims Soars to 210K as DeVos Education Department has Not “Approved or Denied Any Claim in More Than a Year.”
Allied Progress director Derek Martin reacts to news that the Trump-DeVos Department of Education hasn’t processed a single loan forgiveness claim in over a year: “It must be easy for Betsy DeVos to sleep in her mansion each night regardless of whether she does her job, but the millions of people she’s failed by not…