13 Burst results for "Kathy kranjcar"
"kathy kranjcar" Discussed on Consumer Finance Monitor
"Today would have been resolved in enforcement rather than through supervisory means and we would be hearing about them through consent orders eventually not through supervisory highlights or maybe both and so to me even though a lot of the things that we talked about here didn't seem like such a big deal or so revolutionary. Understand that the. Pb be them in supervision when it was still resolving a lot of stuff in supervision and. We don't expect that to be the case going forward. Yeah good point. jason Do you have anything dad. I'd agree with chris. A lot of these. Things are things that have been repeatedly called out in in various ways by the tv. I don't think any of them are particularly surprising so You know there is unfortunately a new sheriff in town. And i think everyone needs to be ready. Yeah yeah that's for sure Well Let me thank Both of you for taking the time today to enlighten our audience on three key areas and as i mentioned at the outset of our show today We have other topics. Said we're gonna cover in future. Podcast show shows related to the supervisory highlights and Let me underscore appoint the chris jaws made and that is that these supervisory highlights covered a period ending december. Thirty one of last year. So that was still under the kathy. Kranjcar administration. She was director then David wage geo who had not been installed as acting director am while the highlights themselves were written up by the new. Cfp they really the decisions as to what ought to be done with whether it's go supervisory or whether Is go enforcement that was made by the old regime and the new regime. I absolutely agree with you. they're not gonna be as indulgent As the kathy kranenburg administration so with that. Thank you chris. And thank you jason and thank all of our listeners today. louis downloaded our program..
"kathy kranjcar" Discussed on Consumer Finance Monitor
"Sworn in on january twentieth At that new president will be able to Under the supreme court opinion and seal a law will be able to remove Kathy kranjcar as director of the c. b. b. and the new president will probably be able to name an acting director his liking but There is some questionnaire some legal questions. But i think that's very likely And then The president of course will be able to nominate a new director of the cfpb. Bb to technically a five year term And that individual. I think is likely to be a lot. More pro consumer progressive. Whatever you wanna call it. Kathy chronicler because I just have a hunch. That with warn is gonna whisper in joe biden's ear saying You know this is who i recommend And then of course The outcome of the The runoff elections in georgia. They're or coming up Will determine whether the dams or the republicans controlled the senate so lot may depend upon you know who's got control of the senate in terms of how progressive ver- how consumer leaning or anti industry The next person ryan the. Pb is gonna be as we know Things can change very rapidly the c. b. with the change of administrations. We've seen it you know from a cordray the mid mulvaney and graninger and i think we're going to see it happen again We don't even know Who the next director is let alone. Know what that person thinks about these early wage access products And even the advisory opinion. I assume that could be withdrawn at some point and So this is a particularly difficult time. I mean on top of all the issues that you both have raised today about the unanswered questions We don't even know if this very basic opinion Dealing with a very narrow part of the market even has a much of a life. So let me. I go to the u Jesse and i wanna get james To talk about the future where we're It you know you're looking into getting into this business.
"kathy kranjcar" Discussed on Consumer Finance Monitor
"That menace many industry folks including lawyers. You know that represents financial firms think that you know they think she's broad like a breath of fresh air to the bureau out that she's more centrist that she's less political than either mulvaney or cordray And of course we all know that when mulvaney came in he essentially put a halt to all enforcement actions for about a year. Or i mean he really ground the agency to a halt so it for a year. At least the cfpb was really a non entity. Didn't it there. They weren't doing anything when cranny came aboard she essentially alerted the industry in in some of her first speeches that most of their issues would be resolved in private through supervision and industry. I think was thrilled. She immediately Reduced enforcement actions she said. I mean they've picked up since but One main change between cranny and cordray is the amount of fines and penalties and restitution borrowers has just plummeted so the stance under democrats was you hit financial firms and with big fines. Big public actions. You kind of chaim everybody into doing what you want. And the opposite has happened under republicans. Which is you have very few fines very little restitution and and not a lot of headlines. Yeah well i remember when Richard cordray the first enforcement. Action said he brought and that was well before you were covering the bureau they were these big big Huge investigations wall the major credit card issuers. That's being on products absolutely. Yeah he i mean he went after every one of them ohio Kathy kranjcar has gone after some of the big players. She seems to be focused more on a little bit more on the non banks. You know some of the things urter. Avi the low hanging fruit. I guess i would call obvious. He comes no doubt about it. I you know people would she plays. She's playing small ball effort to use a baseball analogy. You know she's going after one off. Fraudsters scam marcus absolutely. They're they're looking specifically for fraud. Not and i think other things are being resolved behind the scenes. But i would show she. Has they have filed against banks but those are actions that began under cordray and worked their way over several years to find being filed under. Cranach's do you think do you know After mova any came in he did the he looked at all. He put the everything on hold for a while and purportedly looked at all the em- files that have been open dealing with investigations. Do you think They got rid of a lot of investigations Do you have any thoughts on that or do you think they continued to investigate and they settled but settled a dollar figures that were way below. What cordray would have agreed to. That is a good question. I can't i know the answer to that whether anything was scuttled. I had heard at the time that some were being dropped and of course one of the first things he did when he got in was drop an action against a payday lender that had contributed to his own political action committee when he was in the house Like britney the alike..
"kathy kranjcar" Discussed on Consumer Finance Monitor
"Kathy kranjcar without costs Even though the language of the dodd frank act Basically says that the president can only remove the director of for cost but in order to preserve the constitutionality of the language at language in dodd-frank the supreme court redlined the four clause language and now the president Again appoint a new of again can fire the existing director and once that happens the president can of course nominate a new director and that new director will have to be confirmed by the senate only requires a majority vote. One time For this kind of an appointment it needed a number to avoid a filibuster. He you needed sixty votes. but y'all you need a majority And there's a lot of confusion right now as to what party is going to control the senate not clear The it's all really gonna come down to some san arrays in your state growth Where if the democrats win both races which is a pretty tall order. I would think Than the democrats will have control of the senate at that point. It should be fairly routine For them president biden to nominate is director. Who ever he thinks is appropriate and it will get confirmation. And then the meantime who's gonna happen as somebody in there in an acting director capacity Once kranjcar is removed. And there're issue as to hot become the acting director. Can the president appoint an acting director Until there has been confirmed senate director Or under dodd frank the language in dodd-frank. The a that dumb if the director is no longer available to serve the deputy director. In this case. I think it would be Paul would automatically become acting direct but anyway Let let's get into that. And i want to turn to you james and a focus verse on a the appointment of a new director by President biden come january twenty What do you think. How's it going to make that determination or do you think he may have already made it..
"kathy kranjcar" Discussed on Consumer Finance Monitor
"I do think that in some respects, it would be better to have more stability. And I really don't put most of that in the moment or supervision camp because honestly there's not that much difference between today see pb and the PB of Richard Cordray. If you look at enforcement and supervision I, mean they're very very active in both respects right now even under Kathy Kranjcar. But you with things like making democracy that's not the conventional wisdom at least among the consumer advocates I'll bet. Am I, right prentice. No I would definitely point of disagreement there. All right. Well, let's you know. Let's let's take a little footnote. Digression here. And and explain yourself Chris why do you think not much has changed in the supervision and enforcement area? Well, let's take supervision I mean first of all just because of what I see the agency doing, I, have the opportunity to watch the agency work on a day-to-day basis through supervision and enforcement as we represent clients who are involved in those proceedings. So taking supervision. As. The first example when the administration change occurred, there was basically zero impact to supervision. They continued doing the same number of exams that they did. They were just as thorough as they were. They were just as eager to call out violations of law require changes require restitution as ever had been in supervision. The only difference was that they handle those matters more and supervision referred them to enforcement less. So they got resolved on a confidential basis rather than in a public consent order and you had Peggy to league who is the head. Of Supervision policy all the way through the cracks or era she remained there into I mean I'm sorry the quarrier she remained there after cordray left and she's still there that's right and so I just honestly haven't seen any difference in what they've done in supervision and forcement we had during Mick. Mulvaney is acting directorship a significant slowdown in enforcement activity, which by the way had started prior to Richard Cordray. Resignation, it actually started about six months before he resigned that we stop there's just enforcement activity just fell off a cliff. And it took a couple of years actually after the the administration change, I mean the director change for enforcements to start being active again. But if we look at their behavior in two, thousand, twenty on, it doesn't look much different to me from what we saw under Richard Cordray, there's a lot of new investigations being started on a wide variety of topics..
"kathy kranjcar" Discussed on How to Money
"The break. We're talking with Richard Cordray essentially about protecting consumers and Richard. You left the CFP back in twenty seventeen but recently you actually wrote a white paper as the COVID. Nineteen crisis began crushing individuals as well as small business owners. You know what can and should the CFPB doing in a time like this to help consumers. Yeah thank you for that question. When I left the position I feel the right thing to do when you leave. A government office is to stay out of the way for a while. Let the people who come after you do their job. They're going to do it differently. But hold your criticism for while let it all unfold. It was particularly unfortunate that when I left president trump decided to pick as interim director Mick Mulvaney who had been a congressional critic of the Bureau and didn't believe in its mission and did his best to undermine it for the year that he was there. But I mostly held my tongue. The new Director Kathy Kranjcar is has been confirmed by the Senate and she's different. She's not hostile to the bureau. The way Mr Mulvaney had been. She is an administrator and she has settled things down but the question is is she going to and the bureau going to continue to be aggressive for consumers they have not been for the most part. They have not brought the kind of enforcement actions we brought. We used to bring four five enforcement actions a month. You need to do that to keep the financial companies on their toes. They have to know somebody's looking over their shoulder and then they get better themselves. They are mindful of what they need to do. And they're careful about it but if you're not giving them that kind of oversight people get lax and people get away with things and they feel that they can start doing things that they shouldn't so that's that's a problem that I have seen with the bureau over. The last couple of years is not being aggressive for consumers being too lenient to the financial companies. But now in particular as we go into this economic crisis we're now facing and by the way it is unfolding swiftly around the country. The pandemic caused an abrupt halt to a lot of business activity and that is now flowing through to consumers many of WHOM ARE UNEMPLOYED. Others of whom have had their hours cut sharply so they don't have money coming in like they had hoped and planned and as a result..
"kathy kranjcar" Discussed on Consumer Finance Monitor
"Be joined today by my colleague, Chris Willis, and we're going to be discussing today in a little bit of detail what I would refer to the PB's innovation proposals. They consist of a trial disclosure also known as the disclosures sandbox a product sandbox and no action letters. And So Chris I wonder if you could tell our listening audience while what they're all about. Sure, we'll the trial disclosure program is the one that's authorized by section ten thirty two of Dodd Frank. And essentially it allows the. PBA to authorize more participants to use on a trial basis different forms of disclosures. That are required by certain of the federal consumer protection statutes like the truth in lending, for example. And to basically bless those proposals for a limited period of time. If they quote, improve upon the disclosures that are already called for by the official forms that are published for those stashes, so it's really limited just to disclosures and just disclosures for which there are model forms like the ones under the truth in lending act or adverse action notices are things like that. Then we have the product sandbox. So this is a an idea where the CFP proposes to us it's authority to grant approvals and exceptions under certain of the numerator consumer laws like the truth in lending act with equal credit Opportunity Act or the electric fund transfers act to approve certain business, practices or models as being in compliance with the statute or to grant exceptions from certain aspects of the. Statutes again for innovative products that market participants may want to try out. And then the no action letter policy is one that was actually begun under director cordray, but is proposed to be substantially revised under of the bureau's new leadership under Kathy Kranjcar, and the idea here is that the bureau would take up locations where market participants could describe some aspect of their business practice and the CFP would if it decided to do. So granting no action letter saying we're not going to commence either enforcement or a supervisory action against you for doing. What you have described. You're going to do and the bureau might require reporting or other information sharing in connection with it. But it's basically by which the bureau would assure a market participant that the bureau itself would not view a particular practice violation of the laws that it's responsible for enforcing won't. Chris spent a lot of news about opposition by state attorneys general and consume. Groups to the trial disclosure proposal. What's the basis for their objections? Well, as I noted the trial disclosure program comes out of section ten thirty two of Dodd Frank. And I think if you read the state attorney general in consumer group comments, they seem to be based on a hypothetical situation that the bureau might create by granting trial disclosure participation under its proposals. So for example, the commenters argue that the language of section ten thirty two of dodd-frank only allows the PB to allow a trial disclosure program. If the proposed trial disclosure includes all of the same information required by the underlying statute or the regulation as the case may be. And so the their view is that the only permissible trial disclosure is one that increases the amount of information allowed given to consumers rather than decreasing it. And they read the CFP's proposal to take into account not. Only the amount of information provided to consumers, but also cost efficiency or other considerations as a proper basis to allow a trial disclosure. So the consumer advocates and the state attorneys general theorize that the bureau might shorten or reduce the amount of information disclosure in violation of the statute or regulation and say that that would not be permitted under the program the language of the statute..
"kathy kranjcar" Discussed on KCRW
"Chen before he reports for prison. What is congress learning will question? Adam Schiff of the house intelligence committee on morning edition from NPR news. While way is striking back. I'm David green. And I'm Steve Inskeep. The Chinese telecom giant faces pressure from the United States over national security concerns. Now, the company has filed a lawsuit? It sang restrictions on while way, violate the US constitution. Also this hour. What's the next step for criminal Justice reform presidential candidate Cory Booker wants millions of convicted felons to be restored the right to vote. It is Thursday March seventh twenty five years ago in one thousand nine hundred ninety four the navy. I gave women permanent duty aboard a combat. The news is next. Live from NPR news in Washington, korva Coleman. President Trump's former campaign chairman Paul Manafort is being sentenced today by a federal judge in Virginia. NPR's Ryan, Lucas says Manafort could spend decades in prison Manafort was found guilty in August by a federal jury in Alexandria, Virginia on eight counts, including Bank and tax fraud and failing to disclose a foreign Bank account. The case was brought by special counsel, Robert Muller as part of his Russia investigation, although the charges stem from political consulting and lobbying work Manafort did in Ukraine Muller's office has not recommended a specific sentence for Manafort, but it has made clear leaves his crimes are serious punishment manafort's lawyers are asking for leniency and a sentence substantially below the guideline range of nineteen to twenty four years. The decision on how much time Manafort gets behind bars is up to judge TSL's. Manafort also faces sentencing next week in a separate case in Washington DC, Ryan, Lucas, NPR news, Washington. The head of the consumer. Financial protection bureau appears before a house committee today, she'll testify as California Democratic congresswoman Maxine Waters has introduced a Bill requiring the CFP to do more to safeguard consumers NPR's Daniel Czeslaw reports Maxine Waters announced the consumers I act that would require the cfpb to hire enough staff. Limit political appointees and restore an office protecting young consumers. The cfpb was created during the Obama administration under President Trump the bureau's budget has shrunk some fifty consumer and labor rights groups support the Bill the Bill may pass in the democratic controlled house. But it is unlikely to get through their public and majority Senate the cfpb new director, Kathy Kranjcar will appeared before the House Financial Services committee, which waters chairs Danielle Czeslaw NPR news, Washington. Chinese tech giant walkway is suing the US government the company opposes a US law that bans government agencies from buying. It's. Equipment. The Trump administration claims the Chinese government could use walkways equipment for espionage, embattled R, and B singer R Kelly is back in Chicago jail. He just made bail last week after he was charged with sexually abusing a woman and three underage girls charges. He denies now. He's been jailed for failing to pay tens of thousands of dollars in back child. Support. Darrell Johnson is Kelly's publicist it's been a lot of things going on Mr..
"kathy kranjcar" Discussed on WBSM 1420
"But also, you know over over time, the Republican the democrat party in the kind of far left put a lot of pressure on head saying, you know, what we want. You know, Elizabeth Warren like toe the line, and you can't beat extreme politics. Or when you want to write the governor. We're not gonna back you financially. And so, you know, he really wasn't really principal in that respect. He kind of took the political easy route rather than doing what maybe he didn't do right one. Last question. Ron Rubin is it under control now. Well, it's it's under a Mick Mulvaney, protege at the consumer advocate the budget office. Kathy Kranjcar is is in charge of it now, and it's kind of a sleeping giant, you know, oddly enough everybody thought well when the Republican over suddenly, the Democrats will now agreed to make it a commission instead of a one person directorship and a lot of Democrats in congress actually proposed it but Elizabeth Warren. Tell that, you know, I think would rather have had somebody to yell at like, MS Levin whoever's there for her own got. I gotta I gotta hold your there. Ron, but I really really appreciate this. And we're going to try to talk to you again about this as as Elizabeth Warren gears up her campaign. Thanks for being with us. That's Ron Rubin. Formerly of the consumer financial protection bureau. I'm Howie Carr. Trans.
"kathy kranjcar" Discussed on C-SPAN Radio
"Pretty Paul manafort's lawyers are paying close attention to presidential pardon only covers federal offenses. And so some states have sort of raised the possibility that the president pardon someone in the Muller investigation that then states could try to go after that person under state laws these stories just ahead on Washington today. We begin on Wall Street. It was a head-spinning day for the markets at one point the Dow was off nearly eight hundred points, the final bell where the Dow closed seventy nine losing seventy nine points. The SMP was off by four. The NASDAQ though gained nearly thirty points with more on the markets today. We're joined on the phone with a Connie Itani. She is joining us from New York markets reporter for the Wall Street Journal. So what happened? A lot of alternative across markets trap block, or so, and I think investors have attributed much of that huge the tensions that we've seen throughout the year with US and China the appeared at one point to be sort of simmering down a little bit when the US and China met to discuss trade at the d twenty. But again, we've seen a sort of doubts grow among investors that things are actually going to work out, especially with the arrest earlier in the week of the technologies chief financial officer, which some folks think could bode poorly for relations between the two countries. So we've seen stocks not a stock that also bonds and oil markets swing a lot in in response to the developments around that explain the significance of the arrest, and what you know about this Chinese based company so the arrest made over alleged violations of the US is sanctions on Iran. And the fact that we've seen a in Iraq, the top executives, which is of course, a huge Chinese company did contribute, the fears that the US and China relationship, which already seems to be a bit on edge could deteriorate further, and I think it also raises questions about how while the two countries will actually be able to negotiate when it comes to trade, which of course, remains a big overhang on markets, and they did walk away from the g twenty with some suggestions that there might be some kind of temporary trade choice, but some some we heard that initial take we've gotten a lot of conflicting signals from US and Chinese officials. So this arrest think brings those concerns to the forefront again, we're talking with a canny Otani. She is a markets reporter for the Wall Street Journal at some point during the day stomachs were churning the Dow was down seven hundred and eighty points. There was a rebound. But will we see more? More of this volatility. These huge swings back and forth. Yeah. I mean, it's it's a pretty day when they see the Dow down at at one point almost eight hundred points than and almost flat the day. But I think for worth investors, pay dot kind of volatility is probably sir to stay twenty-seven your calls, a really good year for markets across the board almost everything that could be traded ended up higher on the year. And this year we've seen that sort of trend break apart of the volatility is returned across markets. And I think some people are attributing to just the fact that we're getting later in the economic cycle here in the US, and we're also seeing the global economy start showing some signs of stress so put those two things together. And I think a lot of folks that we talked to say they expect us all toady to persist into the new year. Will of course, get new numbers tomorrow on the jobs report. But what's pushing this idea of slowdown in economic? Growth because based on what the White House is saying Larry cudlow, the president's chief economic adviser that things are running on all cylinders funny because some people I speak to say with the market seemed to be showing a lot more distress about the economy than the data actually a showing at the moment. So we're still seeing the US economy in expansion, and we're still seeing corporate profits grow at a double digit rate and serving you take a look at the broad picture things. Still look solid now that being said, I think a lot of economists are starting to price in a recession sometime in twenty twenty and we are seeing signs of slow down in key sectors of the economy like housing and the auto market as well. So I think those things are contributing to the nervousness that that folks are fleeing even if it seems to be a little bit played out overplayed in the markets is that what you're hearing from industrials on Wall Street. Yeah. I mean, I think none of the none of the people that have spoken to you today have said. Within were pulling the plug on the US stock market. I think instead there are sort of trapped in a difficult position where they acknowledged that growth appears to be slowing domestically and globally. And yet we're not at the point where things look like they're faster and the economy is about to head into recession anytime now so that puts people in a difficult position because they don't necessarily want to be as aggressive as they were maybe a year ago with their bats. But at the same time, they're hesitant to to bail out. All together, we will look for your reporting online at wsJcom. Thank you for being with us. Thanks for having me. Meanwhile, on Capitol Hill the Senate today narrowly confirming Kathy Kranjcar for the five year term is the new head of the CFP that puts her in charge of the agency which began under the Obama administration. And the consumer financial protection bureau aims to protect consumers from financial malpractice. It was designed to be an independent agency. With the task of going after wrongdoing by banks credit card companies and other financial services. The final vote in the Senate was fifty to forty nine. Also on Capitol Hill the house and Senate today passing a measure that prevents any partial shutdown of the government tomorrow. Instead it sets a new deadline of December twenty first meanwhile, the House Democratic leader today indicating that she does not see a short term resolution to the partisan impasse over the border wall. Funding issue leader, Nancy Pelosi likely be speaker starting in January said that she would like to see a department of homeland security funded on a CR continuing resolution through the remainder of the twenty nine thousand nine fiscal year. This question from Chad pergram of the Fox News channel..
"kathy kranjcar" Discussed on Marketplace All-in-One
"Yesterday by one vote, Kathy crane injure is a career civil servants. She doesn't have a ton of experience in the banking world market places. Renata Sega reports running the BCS p or the consumer financial protection bureau as it was formerly known means knowing the banking industry and the laws that govern it. Kathy Kranjcar knows money at the office of management and. Budget. She oversees billions in spending analyst Ed groshans with the investment banking firm height capital markets says that's relevant experience, but not exactly the kind needed for determining for instance, what debt question practices considered appropriate and which one is considered violating the law earlier this year, the bureau find Wells Fargo, one billion dollars for treating customers. One of very few enforcement actions the bureau's taken under acting leader, Mick Mulvaney. He's filling the job while also running the, oh MB university of Utah. Law professor Christopher Peterson says Kathy cringes appointment would likely mean more of the same. My concern is that MS Granger is gonna go into this job and actually not do the job if the Senate approves cranny jer as expected her term and any changes, she might make good outlast President Trump's term in office. I'm not a sago for marketplace. Our executive producer is Nicole Childers. Our digital producer is Sarah Menendez. Our engineer is Brian Allison and in New York. I'm Sabrina. Sure. With the marketplace morning report. From APM American public media.
"kathy kranjcar" Discussed on SuperTalk WTN 99.7
"Oversee virtually all of the, banking system, so they are the ones responsible among other things for the. Tremendous assault that has been made on community banks I don't know about you but I I know a number of community banks that, are wonderful institutions they literally care about the community. That they serve at a number of them have been literally run out of business by. CFP, regulation and most people who care about. Free enterprise system, the market based capitalist system think that the regulatory oversight of banking has gone too far well that's because of CFP at Elizabeth Warren as, I said originally designed this whole plan and guess what when it looked like. She wouldn't get Senate confirmation Obama pulled the rug out? From underneath her let? All of it Led to her running for the. Senate she was going to be running CFP bay and put in Richard cordray who is just another political stooge so this whole institution, was set up to be almost unaccountable on accountable. From a management standpoint because beyond the reach of the president and unaccountable from a financial. Standpoint, because their budget is not responsive to. Congressional appropriation it, is a fiefdom it is a fibers nest? Of partisan of favoritism it is not a consumer financial protection bureau in any sense whatsoever so, he's this is Kathy Is. She going to take Mick Mulvaney these places Iran exactly so in, their temporarily as Trump's sort of placeholder to keep Leandra English out of the way as as as the successor to cordray so he wants to be there only temporarily now they want to do a replacement and there are some people who say Kathy creditor is not qualified because she. Doesn't have a deep experience well first of all she's got about the same experience Leandra English had because. She was a middle management personnel MB that's where Kathy creditor came from but the most important thing is that she shares Mick Mulvaney view and I believe Donald Trump's, view that CFP be is a perfect example of. The deep state the. Out of control bureaucracy that cares about its own. Self preservation far more than it can cares about public welfare and. And it's ostensible purpose and And therefore they think. That she's unqualified well she shares Mulvaney view that the? Agency. Should be broken up smaller re-regulated reformed whatever term you want to use then I think that's far more important than whether she has. Years of hands on regulatory experience so I think the Kathy Kranjcar is exactly the. Right kind of person she shares Mulvaney, view of CFP as an organization out of control and it takes. That, kind of mentality, to reform such an organization not somebody who comes from years of steeped in experience in financial. Regulation which tends therefore you know. To default to the regulatory mindset right well what what do you, think happens because the Democrats like Elizabeth Warren I gotta to go after this woman I guess to the nail right absolutely absolutely so the purpose is for an opportunity like you and I to talk together is for your audience to become educated That all this whining about credentials for Kathy Cranach is a complete, and utter, smokescreen, this whole, fight is not about consumer financial, regulation. This, whole fight is about protecting a? Partisan fiefdom and once you see, it from that perspective you will probably, agree your audience will probably. Agree. With. Mick. Mulvaney Donald Trump and Kathy Kranodar that this is an organization that needs to be radically reformed is not eliminated altogether All right so, what you're saying is. This intially she's going to she's campaigning to, head up, an agency she wants to do away with either do away with or vastly reduced in scope okay And that's what's. Got And your audience can contact their two senators in their member, of congress to say but particularly the senators because they. Didn't require Senate confirmation I stand with Mick Mulvaney Donald Trump in. Support of Cassie..
"kathy kranjcar" Discussed on Progressive Talk 1350 AM
"Guess what day it is i always look forward to this time in the week because we get to visit with our friend jamie court it's spelled you are t he's the president of consumer watchdog and they do go to court for consumers but consumer watchdog does a whole lot for consumers so check them at consumer watchdog dot org jamie court is the president he's been part of our team virtually since the beginning jamie thanks for coming back is always on the norman goldman show my pleasure norm will jamie we talk consumer protection today we've got a topic that is very important and totally being ignored because of all the all else that's going on so let's talk about the consumer financial protection bureau when last we checked in it was being run by mick mulvaney who is also the office of management budget director and he was doing a very nice job of destroying the consumer financial protection bureau well the law requires that there be a replacement person and now donald trump has nominated a woman named cathy cran engender now kathy kranjcar is just a few days ago announced by trump university of ministration to be the new nominee for head of consumer financial protection bureau the problem is she has no background in consumer issues but she is a very close associate of mick mulvaney so let's like a puppet is going to be put into the office as head of the consumer financial protection bureau just to wreck it further i suspect the republicans in the senate will confirm her so jamie this brings up the issue of state attorneys general step into the void county district attorney's and they're rolling consumer protection great groups like for example common cause public citizen even consumer watchdog group said lookout an advocate for the public jamie how do we fight back when the consumer financial protection bureau is dead i mean i don't wanna just give up but it clearly is dead i mean we can revive it when we get a real president.