CFPB Head Faces Dems' Ire On Virus Response, Payday Rule

Law360 (July 29, 2020, 8:53 PM EDT) -- The head of the Consumer Financial Protection Bureau defended her agency's pandemic response, enforcement activity and recent move to roll back its payday lending regulations before a Senate panel on Wednesday, drawing sharp Democratic criticism of her record and even a call to resign.

At a Senate Banking Committee oversight hearing, CFPB Director Kathleen Kraninger told lawmakers that the agency has kept its nose to the grindstone during the COVID-19 crisis, including by conducting extensive consumer outreach, fielding record volumes of pandemic-related consumer complaints and deploying "targeted" exams focused on the highest-risk areas for consumers during the pandemic.  

"We are...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!