Political Quotes

“I rise today in opposition to the nomination of Kathleen Kraninger to be Director of the Consumer Financial Protection Bureau, or CFPB. This is one of the most important positions in our entire government--a job that is dedicated to protecting consumers from fraudsters, from predatory lending, and from dangerous financial products that can drive families to bankruptcy. Ms. Kraninger does not have the experience or the values to hold such an important job. In fact, she has fully endorsed this administration's ongoing efforts to systematically dismantle protections for consumers. This time last year, I led over 40 of my colleagues in writing to the President urging him to nominate a professional, bipartisan expert with a proven record of being tough on financial institutions that rip off consumers. Instead, this administration has spent the past year working to gut the CFPB under Interim Director Mulvaney. They have frozen data collection of consumer complaints and undermined enforcement tools. They have slow-walked enforcement actions and weakened protections for our servicemembers and seniors. They have stripped the Fair Lending Office of enforcement powers and closed the Office of Students and Young Consumers. Ms. Kraninger supports all of these actions, and all of these actions run contrary to the mission and to the purpose of the Consumer Financial Protection Bureau.…”