Kraninger Nomination Advances in Senate

November 29, 2018

The Senate this afternoon invoked cloture on the nomination of Kathy Kraninger as the Director of the Bureau of Consumer Financial Protection (BCFP). The 50 – 49 vote ends debate on the nomination and sets up a final vote sometime after December 4.

AFSA strongly supports President Trump‘s nomination for the Director’s position. The association submitted a letter of support to Senate Majority Leader Mitch McConnell (R-KY) and Minority Leader Chuck Schumer (D-NY) on November 19.

The letter, in part, said, “Ms. Kraninger is an excellent choice to lead the Bureau and to continue Mr. Mulvaney’s pragmatic, measured approach to ensuring that consumers benefit from safe, affordable products provided by the most responsible members of the consumer credit industry.”

Sen. McConnell filed the cloture motion required to move to Kraninger’s nomination on November 15th.

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