Kraninger: CFPB focused on empowering consumers

Feb 07, 2020
The Consumer Financial Protection Bureau’s efforts to prevent harm to consumers start with empowering them to protect their own interests, bureau Director Kathy Kraninger told Congress.

Testifying before the House Financial Services Committee as part of her semi-annual report to lawmakers, Kraninger said the bureau also focuses on fostering transparency and clarity in its regulations and guidance, using supervision to foster a culture of compliance, and deploying enforcement for accountability and deterrence.