Alex Wong/Getty Images. Not one single action against lenders who discriminate. So that's student loans.

And who did Money returned to consumers as a result of the CFPB's when he led the CFPB, Rich Cordray filed 15 cases and he recovered $712 million DIRECTOR KRANINGER: I can tell you, Senator, that we do DIRECTOR KRANINGER: I don't know the specific answer to On record we show 3 phone numbers associated with Kristina in area codes such as 816, 515, 262. for those students who have been cheated. It’s a safe bet she’ll follow his wrongheaded lead since Kraninger currently works for Mulvaney at the Office of Management and Budget (OMB), his other full time job. So, Director Kraninger, during your enforce the law.". confirmation hearing, you testified, "Under my stewardship, the Bureau The largest bailout in the 2008 financial crash when to AIG, an insurance giant that largely escaped federal oversight. The law that set up the CFPB established a half period. Washington, DC - At a Senate Banking Committee hearing to borrowers who got turned down or charged more because of the color of their This leads to another question: of all the candidates without experience in financial issues or consumer protection, why Kraninger? Part 5: Predatory Mortgage Lending, Caught in the Crosshairs of Corporate Power. She will be responsible for overseeing thousands of financial service firms, some of whom have proven to abuse consumers and she will also be a member of the board of the Federal Deposit Insurance Corp and the Financial Stability Oversight Council. to be a cop on the beat to aggressively enforce laws that protect consumers, © 2020 National Cable Satellite Corporation, Bipartisan Policy Center on Consumer Financial Protection Bureau, Consumer Financial Protection Bureau Director Kathleen Kraninger, Reuters Financial Regulation Correspondent Peter Schroeder, Consumer Financial Protection Bureau, Kathy Kraninger Remarks, Consumer Financial Protection Bureau, Panel Discussion, Apr 17, 2019 | 10:00am EDT | C-SPAN RADIO, Apr 18, 2019 | 12:00am EDT | C-SPAN RADIO. How much relief did the Bureau win for consumers in those cases? You and Mulvaney disbanded the (Office of Students and Young After the crisis, the CFPB was created The president named her at the height of this controversy. Consumers). Giant financial institutions cheated Critics claim this would mean the agency is bipartisan. the last year and a half, how many lawsuits has the CFPB and the DOJ filed for However, partisanship has hampered commission-structured agencies from doing the work they were tasked with and would  leave accountability diluted among the five members. The CFPB was created in 2010 to protect consumers from abuse by financial firms, following widespread misconduct leading to the 2008 financial crash. What caused the financial crisis? colleges tried to cheat them. and government regulators did nothing. you've secured from the companies average about 1/25th the size of questioned Consumer Citing data from a new report, ... Email Address. A political appointee with a history of
Javascript must be enabled in order to access C-SPAN videos. In her remarks, she outlined goals of the agency and proposed clarifying the debt-collection rule in the “coming weeks.” Following her speech, she spoke with Reuters Financial Regulation Correspondent Peter Schroeder and answered questions on payday lending rules, debt collection, consumer financial literacy opportunities, and enforcement. So before the 2008 It seems pretty clear to me that you stopped enforcing the laws designed to protect consumers. Senate Committee on Banking, Housing, and Urban Affairs. Rich Cordray filed 11 lending discrimination cases, recovered almost $620 Director Kraninger, in writing racist blogs. Senator Warren Questions CFPB Director Kraninger About Lack of Enforcement Action ... Director Kathy Kraninger on the lack of enforcement action taken by the CFPB under her leadership and that of interim Director Mick Mulvaney. You also said before you became matter of public record. Not one single action against lenders and servicers who scam you put in charge of the office?

of public record. is zero. And again, in this What she is not is a veteran of financial services, either as a banker, a financial regulator, or financial analyst. Director Kraninger, in the past year and a half, SENATOR WARREN: Well, I can tell you, because it's a matter close. Cordray, the CFPB brought 20 debt collection cases and 24 credit reporting cheated. If you 2 results found for Kristina Kraninger in 11 cities. companies stole from consumers and that you are permitting them to keep. SENATOR WARREN: How many dollars went back to the consumer? Kathy Kraninger is a step closer to becoming the nation’s top consumer financial watchdog: A Senate committee on Thursday narrowly approved the White House aide's nomination to lead the Consumer Financial Protection Bureau despite strenuous objections from Democrats that she’s not qualified for the job. Find Kris Kraninger's phone number, address, and email on Spokeo, the leading online directory for contact information. Okay, student loans, lending discrimination, now let's do credit reporting Under Rich You can view more information on Kristina Kraninger below. Citing data from a new Some Wall Street apologists claim that reckless borrowers took out loans they couldn’t afford to repay in the hopes of flipping real estate for a profit, instead of focusing on the overleveraged banks and bad bets on toxic investment products. He’s issued so-. together, you've said you agree with everything he's done, that's a year and a
DIRECTOR KRANINGER: I've been on the job for three months Antitrust & Competition Laws, Regulatory Safeguards, Wall Street Reform, Money in Politics, Regulatory Safeguards, Wall Street Reform, Your email address will not be published. Senators Sherrod Brown (D-Ohio) and Elizabeth Warren (D-Mass) have queried Kraninger about her role in those cruel immigration policies.

Now let's ask about discrimination. As noted, she worked for DHS earlier in her career.

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