Kraninger Nom Advances to Senate Vote

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Kraninger Nom Advances to Senate Vote Kathleen Kraninger took a step towards becoming the next Director of the Bureau of Consumer Financial Protection after a 50-49 procedural vote by the Senate advanced her nomination towards a full Senate vote. She will succeed Acting Director Mick Mulvaney at the bureau if her nomination passes the Senate vote next week.Kraninger’s nomination was passed by the Senate Banking Committee in August. During that hearing, Sen. Mike Crapo had said, “It is my hope that, if confirmed, Ms. Kraninger will be more accountable to senators on this Committee than Director Cordray was.”During her testimony, Kraninger hinted at pursuing a similar path as the current Acting Director Mick Mulvaney. She said that she had four initial priorities for the Bureau if confirmed as Director The first priority she said would be to make the Bureau “fair and transparent.”Secondly, Kraninger intends for BCFP to work closely with other financial regulators and the States on supervision and enforcement. Third, she said, “The Bureau must recognize its profound duty to the American people to protect sensitive information in its possession.”And lastly, she said that she would look at making the Bureau “accountable to the American people for its actions, including its expenditure of resources.”Kraninger is likely to follow the path set by Acting Director Mulvaney during his time at the BCFP. Mulvaney’s entry into the Bureau in November 2017 was a controversial one and has been in the news this year as much for the changes he’s brought to the Bureau as the controversies around them. From requesting $0 for the Bureau’s budget in Q2, and recommending four key changes to make the BCFP “more transparent and accountable,” to the more recent change of name from the Consumer Financial Protection Bureau to the Bureau of Consumer Financial Protection, the Acting Director is expected to leave his mark before he hands over the reins to his successor. Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Kraninger Nom Advances to Senate Vote BCFP CFPB Kathy Kraninger Mike Crapo Sherrod Brown U.S. Senate 2018-11-29 Radhika Ojha The Best Markets For Residential Property Investors 2 days ago Tagged with: BCFP CFPB Kathy Kraninger Mike Crapo Sherrod Brown U.S. Senate in Daily Dose, Featured, Government, News November 29, 2018 2,906 Views Servicers Navigate the Post-Pandemic World 2 days ago Related Articlescenter_img About Author: Radhika Ojha Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Judicial Foreclosure vs. Lender Behavior Next: Is Homeownership A Deferred Dream? Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Share Save Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Subscribelast_img read more