Kraninger named new director of BCFP

The Senate voted Dec. 6 to confirm Kathy Kraninger to lead the Bureau of Consumer Financial Protection in a party-line vote, 50 to 49. Kraninger replaces Acting Director Mick Mulvaney, and was approved by the Senate Banking Committee in August. She will serve a five-year term as head of the bureau. Prior to being announced head of the […]

The Senate voted Dec. 6 to confirm Kathy Kraninger to lead the Bureau of Consumer Financial Protection in a party-line vote, 50 to 49. Kraninger replaces Acting Director Mick Mulvaney, and was approved by the Senate Banking Committee in August. She will serve a five-year term as head of the bureau.

Prior to being announced head of the BCFP, Kraninger served in the Office of Management and Budget and has previously worked in the U.S. Senate and the Department of Homeland Security.

Read more here.

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The League of Southeastern Credit Unions & Affiliates represents nearly 300 credit unions throughout Alabama, Florida, and Georgia. It has a combined total of almost $200 billion in assets and 12.4 million members. LSCU provides advocacy, compliance services, education and training, cooperative initiatives, and communications.

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