Second, Biden sacked Kathleen Kraninger, who was confirmed as director of the Consumer Financial Protection Bureau in 2018. Kraninger, who had no previous experience in consumer protection, immediately tried to undermine the agency’s role as a watchdog for the financial sector. She scrapped a landmark rule that restricted predatory payday lending, pressuring staff to downplay the resulting harm to consumers. And she refused to enforce a federal law that protected military personnel against a broad range of predatory lending. Her decision yanked federal support from military families who were defrauded by lenders. In the midst of the pandemic, Kraninger also approved a rule that allows debt collectors to harass Americans with limitless texts and emails demanding repayment. . Through the Dodd-Frank Act, Congress gave the CFPB’s director significant independence by barring the president from firing her over political disagreements. In 2020, though, the Supreme Court found this protection unconstitutional. Kraninger supported that decision, which paved the way for her termination on Wednesday. Had the court upheld the agency’s independence, Kraninger could have remained in office through the end of 2023. . . #truthforfreedomnews #truthforfreedom #t4fmovement #kathleenkraninger #bidenharris #change #changemanagement (at Dallas, Georgia) https://www.instagram.com/p/CKUL6xgBkxf/?igshid=l7yqwqov3de0