House Financial Services Committee Chairwoman Maxine Waters wants answers as to why the Consumer Financial Protection Bureau (CFPB) recently found three companies violated the law, but failed to require the businesses to provide redress to consumers who have been harmed.
Reps. Waters (D-Calif.) and Al Green (D-Texas) told CFPB Director Kathy Kraninger the recent settlements stand in stark contrast to the bureau’s practice under former Director Richard Cordray.
Read on for details from the letter to the bureau.
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