2019 Outlook: New CFPB Director Kraninger Will Go Her Own Way

Eric Mogilnicki is quoted in Bloomberg Law regarding the Consumer Financial Protection Bureau’s future under newly appointed director, Kathy Kraninger. According to Mr. Mogilnicki, Kraninger may look to ratchet back tensions with congressional Democrats by bringing enforcement actions against clear bad actors. Potential targets include lenders that prey on military borrowers or fraudulent debt relief companies. He says, “Sadly there are lots of those cases out there, and building a record of meat and potatoes enforcement would be a good way to make the agency less controversial."