NAFCU statement on Senate Committee’s vote to advance the nomination of Kathy Kraninger as BCFP Director
WASHINGTON, DC (August 23, 2018) — The National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger released the following statement after the Senate Banking Committee voted to advance the nomination of Kathy Kraninger as Director of the Bureau of Consumer Financial Protection:
“Over the years, we have had a good relationship with Bureau leadership, and we look forward to working with Ms. Kraninger should the full Senate confirm her as Bureau Director,” says NAFCU President and CEO Dan Berger.
“We still believe the best path forward is to eventually establish a bipartisan commission at the Bureau to ensure its decision making is as fair and transparent as possible. Additionally, we will continue to advocate for a tailoring of regulation at the Bureau to reign in bad actors, while exempting credit unions from burdensome regulations.”
The National Association of Federally-Insured Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation’s federally-insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. For more information on NAFCU, go to www.nafcu.org or @NAFCU on Twitter.