CFPB Director Kathy Kraninger described FY 2019 initiatives to coordinate efforts between the CFPB and state agencies to strengthen consumer protection.
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The House Financial Services Committee considered several bills intended to address and prevent predatory debt collection practices.
CFPB Director Kathleen L. Kraninger testified before the House Financial Services Committee on regulatory developments at the agency.
Twenty-eight State Attorneys General urged the CFPB to reconsider a proposed rule that "elevates the interests of the debt collection industry over consumers."
The Consumer Financial Protection Bureau highlighted recent findings from supervisory exams covering auto loan origination, credit card account management, debt collection and mortgage origination.