[…] Confirmed by the Senate December 11, 2018 as Director of the Consumer Financial Protection Bureau, she was previously Associate Program Director in the White House Office of Management and Budget, and had no previous experience in consumer protection. Once confirmed, she immediately began to undermine the agency’s role as a consumer watchdog and defender against the abuses by the financial sector. She refused to enforce a Federal law that protected Military Service Members against a broad range of predatory lending practices, and her decision eliminated Federal support to military families who were defrauded by unscrupulous lenders. She also eliminated a landmark rule restricting predatory payday lending, and pressured staff to downplay any resulting harm done to consumers by her actions. In the midst of the coronavirus pandemic, with millions of Americans out of work, she also approved a rule that allowed debt collectors to harass Americans with limitless texts and emails demanding repayment. See: https://www.pymnts.com/news/cfpb/2021/biden-asks-consumer-protection-chief-kraninger-to-step-down/ […]