Senate Panel Reschedules Vote on CFPB Director Nominee
August 16, 2018
The Senate Banking Committee has rescheduled an executive session for Aug. 23 to vote on Kathy Kraninger’s nomination to serve as the next director of the Consumer Financial Protection Bureau (CFPB).
According to reports, the nomination appears to be headed for a vote by the full Senate. Kraninger currently serves as associate director for general government at the Office of Management and Budget (OMB).
On July 19, the Senate Banking Committee held a nomination hearing for Kraninger. In her written statement, she outlined four priorities. First, the bureau should be fair, transparent, and provide clear rules of the road. Second, the agency needs to work with other financial regulators and the states on supervision and enforcement. Third, the bureau must protect all the sensitive information in its possession. Fourth, the bureau must be accountable to the American people.
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