Kraninger Says She Hasn't Weakened the CFPB

The speaker discusses their first six months at CFPB, focusing on consumer protection through education, regulation, supervision, and enforcement. They address criticisms of the CFPB's transparency and rulemaking, highlighting efforts to engage stakeholders. The discussion includes the Dodd Frank Act and defining abusive practices, with plans for a symposium. Criticism from both business and political spheres is addressed, emphasizing the agency's commitment to its mission. The speaker also highlights financial literacy programs for veterans, showcasing a gamified educational initiative.

What are the four tools mentioned by the speaker for consumer protection?

• Education, regulation, supervision, and enforcement

• Education, litigation, supervision, and enforcement

• Regulation, litigation, education, and enforcement

• Supervision, regulation, litigation, and education

What act does the speaker emphasize following in the rulemaking process?

• Dodd-Frank Act

• Federal Trade Commission Act

• Administrative Procedures Act

• Consumer Protection Act

What is the focus of the symposia series launched by the CFPB?

• Financial literacy for veterans

• Defining abusive practices

• Debt collection practices

• Consumer education programs

Which law requires the CFPB to define abusive practices?

• Dodd-Frank Act

• Consumer Protection Act

• Federal Trade Commission Act

• Administrative Procedures Act

What criticism did Senator Elizabeth Warren have about the CFPB?

• It is unconstitutional

• It focuses too much on veterans

• It has weakened the agency

• It is too transparent

What is the purpose of the 'Misadventures in Money Management' program?

• To offer legal advice to consumers

• To educate military members through a game

• To provide financial advice to businesses

• To train financial institution leaders

Who collaborated with the CFPB on the financial readiness program for military members?

• Veterans Affairs

• Federal Trade Commission

• Department of Defense

• Department of Education