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Kathy Kraninger, President Trump’s nominee to head the Consumer Financial Protection Bureau, came before the Senate Banking Committee back in July, and I had the opportunity to question her on a range of issues.https://www.washingtonpost.com/business/2018/11/29/trump-nominee-lead-consumer-watchdog-agency-passes-key-senate-hurdle/?utm_term=.6abc06116c75 …
One of the things that troubled me most was her unwillingness to commit to reestablishing the @CFPB's student lending office to stop the abusive and predatory practices of many entities that have loaned money to students.
As I’ve traveled across Maryland with @BrianFrosh to host a series of Consumer Protection Forums, I’ve heard from students who are crippled by the cost of college and families who have lost everything because they were scammed by predatory lenders.
People in Maryland and across the country need an advocate at the CFPB who will fight for them—not protect big special interests. Kathy Kraninger is not that person, and that is exactly why I opposed her nomination yesterday.
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