CBA Statement on Kraninger Confirmation

December 6, 2018
Nick Simpson

 

CBA Statement on Kraninger Confirmation

 

WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Senate confirmed Kathleen Kraninger to a five-year term as director of the Bureau of Consumer Financial Protection:

 

“CBA would like to congratulate Ms. Kraninger on her confirmation to this important position, one where she has the final say over virtually every financial institution in the country as well as almost every financial decision Americans make. We would also like to thank Mr. Mulvaney for his service over the last year as Acting Director.

 

“We look forward to working with Ms. Kraninger on common-sense regulations that protect consumers while also allowing our well-regulated banking system to serve families and small businesses.

 

“CBA continues to support the shared mission of depoliticizing the Bureau and making it a gold standard regulator. In order to achieve these goals, the Bureau needs a bipartisan commission to ensure a variety of voices and views are at the table during the rulemaking process.”

 

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 About the Consumer Bankers Association
The Consumer Bankers Association represents America’s leading retail banks. We promote policies to create a stronger industry and economy. Established in 1919, CBA’s corporate member institutions account for 1.7 million jobs in America, extend roughly $4 trillion in consumer loans and provide $275 billion in small business loans annually. Follow us on Twitter @consumerbankers.