Enforcement Changes Will Strengthen Kraninger’s CFPB Imprint in 2020

Consumer Financial Protection Bureau Director Kathleen Kraninger is expected to make three enforcement changes in 2020 that will further place her stamp on the bureau in her second year at the helm.

Kraninger has talked about bringing clarity to how companies can exit early from CFPB consent orders and defining the term “abusive” act or practices in enforcement actions. The CFPB is also expected to bring in an enforcement director from outside the bureau, a potential major departure at an agency that’s promoted from within for the job.

Those changes are unlikely to bring much of a shift in priorities ...