This story appeared in Bank Digest.
The Senate Banking Committee held a hearing entitled “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress” on Oct. 17, 2019. The committee received the testimony of CFPB Director Kathy Kraninger on the Bureau’s recent semiannual report to Congress, as required by the Dodd-Frank Act. The report covers the period beginning Oct. 1, 2018, and ending March 31, 2019.
According to a prepared opening statement by Committee Chairman Mike Crapo (R-Idaho), the report “outlines the Bureau’s significant work” during that period, including rulemakings and supervisory and regulatory activities, and “provides insight into what the CFPB plans to undertake in the coming work period.”