Senate Confirms Kraninger as BCFP Director
The U.S. Senate today confirmed Kathy Kraninger as the Director of the Bureau of Consumer Financial Protection (BCFP) by a 50-49 party-line vote.
During her confirmation hearing, Ms. Kraninger outlined four priorities: (1) ensuring the BCFP is fair, transparent, and empowers consumers to make good choices while providing clear rules of the road; (2) working closely with other financial regulators and the states; (3) limiting the amount of data the BCFP collects and ensuring it is protected; and (4) holding the BCFP accountable for its actions and the expenditure of resources.
AFSA is looking forward to working with Kraninger to demonstrate the important role AFSA members play in the lives of American consumers. We will keep you updated on these discussions and other developments.
December 6th, 2018 by AFSA