Further to my post The indefensible predatory business of payday loans, US Senate hearings today on the record of the Consumer Financial Protection Bureau since lender-friendly directors, appointed by the Trump admin, began running the agency speaks volumes.
The @CFPB is supposed to be a tough cop on the beat to protect consumers – but under @MickMulvaneyOMB & @CFPBDirector Kraninger’s watch, the CFPB is only looking out for the crooks. Director Kraninger should either do her job or resign. pic.twitter.com/u1jG41ocPf
— Elizabeth Warren (@SenWarren) March 12, 2019
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