President Donald Trump this week nominated Kathleen “Kathy” Kraninger as the new Director of the Bureau of Consumer Financial Protection (BCFP).
Once confirmed by the Senate, Kraninger will replace the Bureau’s Acting Director Mick Mulvaney, who also serves as the Director of the Office of Management and Budget (OMB). Trump named Mulvaney as Acting Director of the Bureau last November when former Director Richard Cordray stepped down to run for Governor of Ohio.
“We think Ms. Kraninger is an excellent choice to lead the Bureau and to continue Mr. Mulvaney’s pragmatic approach to ensuring consumers benefit from safe, affordable products provided by the consumer credit industry,” said Chris Stinebert, President and CEO of the American Financial Services Association.
Kraninger currently serves as the OMB’s Associate Director for General Government, where she oversees the budget development and execution for a number of executive branch agencies, including the Departments of Commerce, Treasury, and Housing and Urban Development, among others.
Kraninger’s background includes the executive branch posts of Deputy Assistant Secretary for Policy at the Department of Homeland Security and Advisor to the Secretary for Policy and Assistant Director of Legislative Affairs at the Department of Transportation.
Kraninger has also held professional staff positions on Capitol Hill with both the Senate and House Appropriations Subcommittees on Homeland Security as well as the Homeland Security and Governmental Affairs Committee.
To ensure a smooth transition process, Mulvaney will continue in the role of Acting Director until Kraninger is confirmed.
Kathleen Kraninger selected to be next BCFP Director
Jun 21, 2018
President Donald Trump this week nominated Kathleen “Kathy” Kraninger as the new Director of the Bureau of Consumer Financial Protection (BCFP).
Once confirmed by the Senate, Kraninger will replace the Bureau’s Acting… Read the rest
MoneySKILL® Now Available in Spanish
Jun 12, 2018
On Tuesday, the American Financial Services Education Foundation (AFSAEF) launched the Spanish language version of its free online personal finance course, MoneySKILL®.
“The Hispanic population in the United States … Read the rest
Affordability of new cars extends loan terms
Jun 07, 2018
The myth of the subprime bubble in the auto lending industry was dispelled by a leading analyst today at a conference of consumer finance company executives and state regulators.
Melinda Zabritski, Senior Director for Experian Automotive’s… Read the rest
“Perfect” Modern Auto Finance
Jun 06, 2018
WoltersKluwer
Learn about the problems of modern auto finance and maintaining perfection. You may be at risk if you do not follow due diligence steps closely. Some lenders never protect their interest by perfecting their lien.
As we talk to… Read the rest
Intermittent Downtime 2-3 p.m. ET Today
Jun 06, 2018
AFSA will be making small changes to the website and association database from 2:00 – 3:00 p.m. ET today. As such, you may experience intermittent disruptions accessing AFSA resources.
We apologize for the inconvenience. If you have… Read the rest
AFSA Asks the Bureau to Improve Field Hearings
Jun 01, 2018
In response to a request for information from the Bureau of Consumer Financial Protection on its external engagements, AFSA wrote that the Bureau should improve field hearings so that they provide more meaningful feedback, instead of functioning… Read the rest
Register your employees for the AFSA Leadership Development Program
May 31, 2018
Registration for the AFSA Leadership Development Program closes June 15. Don’t miss this important opportunity for your employees to participate in a 6-day intensive program focused on the development of your organization's… Read the rest
Don’t Miss Key Sessions at the NACCA/AFSA Forum!
May 18, 2018
We’re just three weeks away from the 2018 NACCA/AFSA State Government Affairs & Legal Issues Forum in Turnberry Isle, Fla. This year’s regulator, industry joint day will be held on June 7 and several information-packed… Read the rest
Business confidence high across global economies; outlook cautious
May 17, 2018
The American Financial Services Association (AFSA) held its 28th annual Credit Summit for Fixed Income Investors today in Midtown Manhattan, in close proximity to the offices of many of the 170 attendees.
Ebrahim Rahbari, Managing Director… Read the rest
Cash is Still King…Right? | AFSA Webinar May 22
May 17, 2018
Join us on Tuesday, May 22, 2018 at 2:00 p.m. ET for Industry Trends in Cash Payments & Hispanic Market Insights, presented by PayNearMe. Registration for AFSA members is open now.
This webinar looks at new analyses which yield interesting… Read the rest