Email Provides Glimpse into Kraninger’s Vision for CFPB

Ever since the Senate confirmed Director Kathy Kraninger to lead the Consumer Financial Protection Bureau (CFPB or Bureau), many have wondered in which direction she would guide the Bureau. A memo emailed by Director Kraninger to Bureau staff last week provides a glimpse of her views.

According to American Banker, Director Kraninger stated:

We must do our work with an open mind and without presumptions of guilt, and to always carefully weigh the costs and benefits to consumers of our enforcement activities and regulatory rulemakings…

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