I handed @CFPBDirector Kraninger a calculator and asked her to calculate the APR on a payday loan. She couldn’t. And she’s supposed to be the top government official protecting consumers from predatory lending practices?

I handed @CFPBDirector Kraninger a calculator and asked her to calculate the APR on a payday loan. She couldn’t. And she’s supposed to be the top government official protecting consumers from predatory lending practices? pic.twitter.com/35lL0GWPAO

— Rep. Katie Porter (@RepKatiePorter) March 11, 2019