Payday Rule Purge Axes New CFPB Chief's Benefit Of The Doubt From Consumer Advocates
The benefit of the doubt new Consumer Financial Protection Bureau Director Kathy Kraninger received from some consumer advocates evaporated this week when she indicated she would ax payday lending standards developed under Obama CFPB Chief Richard Cordray. On the day last December Kraninger was confirmed by the Senate Cordray appeared to ask his followers not to oppose her from the...