Posted June 21st, 2018 No Comments
Kraninger Nominated to Head CFPB

President Trump nominated Kathy Kraninger to head up the Consumer Financial Protection Bureau or CFPB. Kraninger is currently associate director for general government at the Office of Management and Budget (OMB).  Critics of the nomination have pointed to her lack of experience in finance, banking regulation or consumer protection. She will face what some say will be a tough confirmation process in the United States Senate.  If confirmed by the Senate, Kraninger will take over from current acting director of the Bureau Mick Mulvaney who was appointed by President Trump to head the agency following the resignation of former director Richard Cordray.  The process to confirm Kraninger is likely to take upwards of 200 days and should her nomination be rejected, Mulvaney will continue as acting director.

Leave a Comment

Reply

Events Calendar
June Edition

MISSION STATEMENT


The mission of the Nebraska Credit Union League & Affiliates is to protect, promote and perpetuate the credit union movement in Nebraska.
What's Inside
Archives