The Consumer Financial Protection Bureau’s single-director, for-cause removal only structure was a key issue at a recent Senate Banking Committee hearing.
Kraninger testified as part of her statutory requirement of reporting on the bureau’s semi-annual report to Congress.
Read on for highlights from the hearing, which brought out senators’ opinions on what the Supreme Court should do in Seila Law v. CFPB, a case that could decide the constitutionality of the bureau.
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