Chopra Distances CFPB from Trump Era in Settlement with Consumer Groups

American Banker, Nov. 30, 2021–Kate Berry (subscription)
The CFPB this week settled a lawsuit brought by a group of consumer advocates that alleged former CFPB Director Kathy Kraninger, a Trump appointee, violated the Federal Advisory Committee Act when she created a task force of outside experts. The act says federal advisory committees must be essential, in the public interest, fairly balanced and structured to avoid inappropriate influence.