Items Tagged with 'Kathy Kraninger'


  • Here are 5 things the CFPB will focus on in 2019

    Publishes spring 2019 rulemaking agenda
    The Consumer Financial Protection Bureau recently published its spring 2019 rulemaking agenda, showing the regulatory matters it reasonably anticipates having under consideration during the period of May 1, 2019, to April 30, 2020. The CFPB explained that the new permanent Director Kathy Kraninger is now ready to begin rulemaking activities after having recently completed a listening tour.
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  • Kraninger: Department of Education refusing to cooperate with CFPB

    Bureau perusing other options to obtain information
    The U.S. Department of Education has refused to cooperate with the Consumer Financial Protection Bureau, according to CFPB Director Kathy Kraninger. Kraninger recently sent a letter to Sen. Elizabeth Warren, D-MA, in response to the senator’s questions about the bureau’s efforts to protect student loan borrowers through its oversight of student loan servicers.
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  • New York launches its own CFPB

    NYDFS creates new division for consumer protection and enforcement
    Following through on a pledge made more than a year ago, the New York Department of Financial Services is launching its own version of the Consumer Financial Protection Bureau, seeking to fill the consumer protection gaps that are beginning to appear as the Trump administration puts more of its stamp on the CFPB.
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  • A kinder, gentler CFPB? Bureau announces new enforcement rules

    CFPB issues new policies on Civil Investigative Demands
    Kathy Kraninger may be charting a different path as director of the CFPB than that of her immediate predecessor, Mick Mulvaney, but one area where it appears Kraninger’s CFPB will be similar to Mulvaney’s is in the bureau’s friendlier attitude toward the companies it regulates.
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  • CFPB considers slapping Wells Fargo with more sanctions

    Kraninger "not satisfied" with bank's overhaul
    Late last month, Wells Fargo CEO Tim Sloan abruptly stepped down and the rumor mill churned with word that the board sent him packing because of his failure to convince lawmakers on Capitol Hill that the beleaguered bank had turned a new leaf. It appears the rumors were true. CFPB Director Kathy Kraninger announced she is unhappy with Wells Fargo's lackluster attempt to correct its risk management issues and that she is considering her options when it comes to the consequences.
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  • CFPB's Kraninger reverses Mulvaney's changes to advisory boards

    Undoes Mulvaney's actions by strengthening committees
    It appears Kathy Kraninger is determined to leave her mark on the CFPB, nixing yet another move made by her predecessor Mick Mulvaney. On Thursday, the new CFPB director announced that she is changing the rules surrounding the Consumer Advisory Board and other committees, reversing actions Mulvaney had taken less than a year ago to limit the committees.
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  • Kraninger releases plan to gut CFPB Payday Lending Rule

    Says it will delay rule for further consideration
    Consumer Financial Protection Bureau Director Kathy Kraninger announced a delay to the Payday Lending Rule as the bureau reconsiders some portions. And while some members of the housing industry are on board, others say Kraninger is siding against consumers.
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  • CFPB seeking compliance authority on military lending

    Bureau asks Congress for "clear authority to supervise" military lending compliance
    The Consumer Financial Protection Bureau is changing course on its previous decision to stop supervising lending to active duty service members. Kathy Kraninger, the newly confirmed director of the bureau, sent a letter to Congress on Thursday, asking for the "clear authority" to supervise for compliance with the Military Lending Act.
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  • Long live the CFPB: Kraninger kills bureau name change to BCFP

    Tells bureau staff: I care much more about what we do than what we are called
    Just one day after Sen. Elizabeth Warren called for an internal investigation into the Consumer Financial Protection Bureau’s mission to change its name to the Bureau of Consumer Financial Protection, new CFPB Director Kathy Kraninger is putting an end to the whole affair. In what amounts to Kraninger’s first official act as the CFPB director, Kraninger is suspending any efforts to change the bureau’s name from the CFPB to the BCFP.
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