NACA in the News: Kraninger Leaves CFPB Diminished Yet Ready for Biden Ramp-Up

Release Date: 
January 20, 2021
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Bloomberg Law, Kraninger Leaves CFPB Diminished Yet Ready for Biden Ramp-up

"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 industry and financial institutions,' she said."