Kraninger is a new comer to public testimony, but she currently seemingly have developed the politician’s skill of refusing to resolve hard concerns.

Kraninger is a new comer to public testimony, but she currently seemingly have developed the politician’s skill of refusing to resolve hard concerns.

At a hearing in March simply weeks ahead of the Doral seminar, Democratic Rep.

Katie Porter repeatedly asked Kraninger to determine the apr for a hypothetical $200 two-week pay day loan that costs ten dollars per $100 lent and also a $20 charge. The trade went viral on Twitter. A calculator to Kraninger’s side to help her in a bit of congressional theater, Porter even had an aide deliver. But Kraninger wouldn’t normally engage. She emphasized that she wished to conduct an insurance policy conversation in the place of a “math workout.” The clear answer, because of the real method: That’s a 521% APR. Continue reading Kraninger is a new comer to public testimony, but she currently seemingly have developed the politician’s skill of refusing to resolve hard concerns.