Consumer Financial Protection Bureau director Kathy Kraninger testifies during a confirmation hearing before the Senate Committee on Banking, Housing, and Urban Affairs. Photo: C-SPAN screenshot
Amid an unprecedented economic crisis driven by the novel coronavirus pandemic, the Consumer Financial Protection Bureau is reportedly pushing ahead with a series of rule changes that watchdog groups say would reward predatory lenders and leave vulnerable people more susceptible to industry abuses at the worst possible time.
The American Bankerreported this week that the CFPB—headed by Kathy Kraninger, an appointee of President Donald Trump—is “moving forward with its payday lending and ‘qualified mortgage’ rules despite logistical issues and the industry’s focus on economic effects from the coronavirus pandemic.” Continue reading →
Sinclair Broadcast Group has agreed to air a commercial from a progressive watchdog that’s critical of the broadcaster’s actions.
But Allied Progress called foul Sunday.
Sinclair began running the 30-second spot with a 15-second defense of Sinclair, followed by the Allied Progress 30-second ad, and then another 15-second of Sinclair’s voiceover: “The misleading ad you just saw focused on a brief promotional message that simply said we’re a source for truthful news. It ignored thousands of hours of local news we produce each year to keep you informed. The ad was purchased by a group known for its liberal bias, and we hope you won’t buy into the hysteria and hype.” Continue reading →