CFPB celebrates achievements, despite departure from mission

 

Source: David Lazarus, Los Angeles Times ( Paid Registration )

Kathleen Kraninger marked her first six months as head of the Consumer Financial Protection Bureau this week, and the agency celebrated by releasing a scorecard of her accomplishments. The listed achievements highlight Kraninger’s stated goal of shifting the bureau to more of an educational role, rather than being at the forefront of holding businesses accountable for illegal or abusive practices.

They also illustrate what consumer advocates have been saying since President Trump took office: The Consumer Financial Protection Bureau is now barely in the consumer-protection game.

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