Latest News
Showing the Latest Kathy Kraninger Results
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“Employees at the CFPB want answers after discovering a bureau official once worked for an antigay hate group”, The Advocate Reports
See must read September 18 story from The Advocate, ‘Is a Consumer Protection Exec Quietly Dismantling LGBTQ Protections?’ Reaction from Derek Martin, Director of Allied Progress: “When Director Kraninger was confronted with the fact that one her top aides used to conduct trainings for an anti-LGBT hate group, she didn’t fire Mr. Watkins or launch an investigation to…
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Trump CFPB Director Finds Yet Another Way To Avoid Doing Her Job
Kathy Kraninger Announces She Won’t Defend Constitutionality Of Her Own Job WASHINGTON, D.C. – In response to news that the Trump Administration and CFPB Director Kathy Kraninger will no longer defend the constitutionality of the Bureau’s independent director, Allied Progress Director Derek Martin released the following statement: “After refusing to defend consumers from predatory lenders and debt collectors, Kraninger’s…
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New Report Examines the Deconstruction of CFPB’s Debt Collection Rulemaking From the Cordray to Kraninger Era
Trump appointees Mick Mulvaney and Kathy Kraninger have reversed course on Richard Cordray’s drive for stronger consumer protections as the debt collection industry spent millions on lobbying.
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Allied Progress Presents CFPB Director Kraninger With the Most Annoying Sound in the World: Endless Phone Dings and Buzzes
Our new site TrumpSpam.org lets you email CFPB Director Kathy Kraninger a 10-hour long audio clip of smartphone alert dings. The goal: help Kraninger better appreciate how annoying it would be for millions of families to suddenly see their inboxes overwhelmed with messages from random debt companies (and possibly scammers) without prior permission.
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CFPB Director Kraninger Just Gave Aide With Ties to Anti-LGBT Hate Group the Power to Give Businesses “Safe Harbor” from Equal Credit Opportunity Act
The so-called Compliance Assistance Sandbox (CAS) Policy appears to give Assistant Director Paul Watkins the authority to exempt businesses from liability for products and services that fall under certain consumer protection laws like the Equal Credit Opportunity Act, which prohibits lending discrimination.
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Trump CFPB May Have Just Run Into Major Legal Roadblock Concerning Its Debt Collection Spam Plan
A federal appeals court rules that debt collectors cannot indirectly send legally required notices to consumers through hyperlinks in emails and text messages – which is exactly what the CFPB is trying to allow.
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Consumers Would Have Saved Over $6B a Year Starting Today, Then Trump Happened
In payback to Trump’s predatory lending donors, the CFPB delayed a rule protecting vulnerable communities from the payday loan debt trap.
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Only the Most Conflicted People: Kraninger Appoints Servicer Industry Insider to Be Next Student Loan Ombudsman
Kraninger recruited a student loan industry insider out of the Pennsylvania Higher Education Assistance Agency, a servicer with a history of leaving students in the cold.
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Kraninger Stands By Aide Paul Watkins Despite Past Work for Anti-LGBT Hate Group
CFPB Director Kathy Kraninger wrote a letter to Sen. Elizabeth Warren defending aide Paul Watkins, two days after reports that Watkins once worked for an SPLC-designated anti-LGBT hate group.
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Allied Progress Has Suggestions for CFPB Director Kraninger As She Reevaluates Exam Process
Reaction from Derek Martin, director of consumer watchdog group Allied Progress: “While she’s looking under the hood for ways to make examinations easier on industry, perhaps Director Kraninger will consider reinstating the Military Lending Act as a part of supervisory exams, which 33 state Attorneys General have asked her to do. Kraninger may think it’s the CFPB’s…