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Volume 30 - Number 5

March 11, 2019

Kraninger’s First Lawsuit on CID, What Does it Mean?

The CFPB last month filed its first lawsuit under the leadership of Kathy Kraninger. Interestingly, the lawsuit seeks to enforce a 2017 civil investigative demand that was issued under former Director Richard Cordray. Industry stakeholders read it as a possible harbinger of a shift in the bureau’s enforcement actions from those of Kraninger’s predecessor Mick Mulvaney. …

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