This morning at 10 a.m. ET, Kathy Kraninger’s confirmation hearing will begin for the Bureau of Consumer Financial Protection (formerly CFPB) before the Senate Banking Committee. A copy of her prepared testimony was provided by LSCU sources.
Yesterday, Sen. Elizabeth Warren released a report critical of Kraninger’s alleged lack of administrative or budgetary experience. Warren preferred former Acting Director Leandra English (Cordray’s pick to run the Bureau) who had no administrative or budgetary experience. More details to come on the hearing’s outcome.