Well if you’ve ever had anyone in your family conned by a payday lender, you should know. The Senate could confirm Ms. Kraninger soon to run the Consumer Financial Protection Bureau, and she seems ready to try to roll back protections for borrowers of payday loans. Like most Americans, I think these basic protections are important to keeping our state safe from scams.
Thankfully, Senator Tester put consumers in Montana ahead of predatory lenders. During the Senate vote Tester said ‘my concern is that if we confirm Kraninger, she will do nothing ... and if she does nothing then … the CFPB will...
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