The Senate voted 50-49 to end debate on the nomination of Kathy Kraninger to lead the Bureau of Consumer Financial Protection Thursday, setting up a final vote on the nomination in the coming days. Kraninger was nominated to replace Acting Director Mick Mulvaney, and was approved by the Senate Banking Committee in August.
“We thank the Senate for moving closer to confirming a permanent director to lead the Bureau of Consumer Financial Protection, as financial institutions and credit unions deserve consistency at this important agency,” said CUNA President/CEO Jim Nussle.
CUNA wrote to Senate leadership Monday in appreciation of its work to confirm a permanent director at the bureau, and reiterate its belief that consumers would be best served with a multi-member bipartisan commission leading the bureau.
Kraninger currently serves in the Office of Management and Budget and has previously worked in the U.S. Senate and the Department of Homeland Security.