CFPB’s Kraninger Provides Opaque Statement To Committee; Questions and Second Panel Will Be Critical


Ed Mierzwinski

Senior Director, Federal Consumer Program
202-461-3821

Today, new CFPB director Kathy Kraninger testifies to Congress for the first time. The House Financial Services Committee will need to drill down with tough questions. Why? Kraninger’s written pre-filed statement reads like an answer to a warped question from old television’s Sergeant Joe Friday: “Just the irrelevant, off-point facts, ma’am.” The committee should also look to the cogent testimony of consumer, civil rights, military family and student advocates also appearing today.

Student Grants Help – Avoid Student loans through grant money.