The financial industry is optimistic about the prospect of a Consumer Financial Protection Bureau (CFPB) run by Kathy Kraninger, given the similarities between her views on how to fulfill the bureau’s statutory mandate to those of acting director Mick Mulvaney.
Rhonda Thomas-Whitley, assistant vice president and regulatory counsel for the Independent Community Bankers of America (ICBA), and Credit Union National Association Chief Advocacy Officer told Dodd Frank Update their associations are hopeful Kraninger will continue some of the policy positions the bureau has operated under during Mulvaney’s tenure as acting director while also paving her own leadership path.
Find out more about what the industry should expect from Kraninger.