The payday lending rule, Military Lending Act (MLA) compliance and student loans were hot topics at Tuesday’s Senate Banking Committee hearing with new Consumer Financial Protection Bureau (CFPB) Kathy Kraninger.
Sen. Elizabeth Warren (D-Mass.) criticized Kraninger and her predecessor, acting director Mick Mulvaney, for issuing zero enforcement actions related to student loans or fair lending over the past 18 months.
Read on to see the reaction from other committee members of the CFPB’s new leadership.
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