Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger faced accusations of lax enforcement even toward bad actors as she testified this week to give the agency’s semi-annual report to Congress.
Kraninger appeared before the House Financial Services Committee on Wednesday and the Senate Banking Committee on Thursday to discuss the bureau’s mission and defend her actions as director.
Read on for highlights of both hearings, which fulfills Congress’ statutory responsibility to accountability and transparency.
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