Kathy Kraninger

What Trump’s reelection would mean for banks

08/11/20

A second-term Trump administration would likely continue its deregulatory efforts, focus on Fannie Mae and Freddie Mac's exit from conservatorship, and seek to facilitate fintech participation in the banking system.

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CFPB chief welcomes GOP focus on restructuring of agency

07/30/20

Kathy Kraninger told the House Financial Services Committee that she supports proposed action to revamp the bureau's leadership framework following a major Supreme Court decision.

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CFPB’s Kraninger faces Democratic firing squad over payday rule

07/29/20

Members of the Senate Banking Committee took the agency’s leader to task for eliminating underwriting requirements for small-dollar lenders, which lawmakers said has left consumers more vulnerable during the pandemic.

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Uncertainty about CFPB has banks leery of small-dollar lending

07/19/20

Trump-appointed regulators gave the industry the green light to offer installment loans during the pandemic. But with concerns that the light could turn red in 2021, bankers remain extra cautious.

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CFPB declares most agency rules still valid after high court decision

07/07/20

The agency sought to provide certainty that most actions from the past eight years remain in effect despite the ruling that the bureau's leadership structure is unconstitutional.

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CFPB makes it official, rescinds Cordray-era limits on payday lenders

07/07/20

The agency delivered long-anticipated regulatory relief to the small-dollar loan industry by eliminating ability-to-repay requirements imposed under the bureau’s former director.

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CFPB political appointee to be named agency's No. 2: Sources

07/02/20

Tom Pahl, a former longtime regulator at the Federal Trade Commission, has led key rulemaking efforts for the consumer bureau.

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Will CFPB advisory opinions offer clarity, or give companies a pass?

07/01/20

The agency has proposed letting firms seek specific guidance, which can be applied to other institutions. But consumer groups worry the plan circumvents formal rulemaking.

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After ruling, stage set for new battles over CFPB's future

06/29/20

The Supreme Court threw out a key statutory provision concerning the agency’s leadership structure, but the presidential election and possible legislative reforms could bring about more changes to the embattled bureau.

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Supreme Court strikes down CFPB leadership structure

06/29/20

In a split 5-4 decision, the justices gave presidents new power to remove the agency's head at will. The ruling could have far-reaching implications for other regulators with single directors.

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