Kraninger officially new Bureau of Consumer Financial Protection Director
WASHINGTON, DC (December 6, 2018) — Today, the Senate confirmed Kathy Kraninger as permanent director of the Bureau of Consumer Financial Protection (BCFP). Kraninger, who served in the Office of Management and Budget, was nominated by President Donald Trump in June to take the place of Acting Director Mick Mulvaney.
Credit Union National Association (CUNA) looks forward to working with Kraninger on consumer protection regulation, supervision and enforcement.
“We’re pleased to have a new permanent director leading the BCFP, as credit unions and other parts of the financial services marketplace need stability at the bureau,” said CUNA President/CEO Jim Nussle. “We look forward to working with Ms. Kraninger and her staff on ways to help credit unions serve members better.”
CUNA sent a letter to Kraninger shortly after the was officially confirmed, highlighting key consumer priorities for credit unions, and offering any necessary feedback, data and expertise that might assist her as she takes the helm of the bureau.
CUNA created a comprehensive white paper with numerous specific ways the bureau can provide credit unions with regulatory relief, and submitted it in response to a series of bureau requests for information on how it performs its functions.
*Please keep CUNA in mind as you ideate and gather intel for your editorial piece. CUNA Chief Advocacy Officer Ryan Donovan is available for interview this afternoon.
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America's credit unions, which are owned by 110 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org.