Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger has been chosen to serve a two-year term as chairwoman of the Federal Financial Institutions Examination Council (FFIEC).
The FFIEC chairmanship rotates among the prudential regulators and the CFPB every two years along a set schedule, affording Kraninger the opportunity to become the first CFPB director to chair the council despite only being three months into her five-year term leading the bureau.
Read on to get more details about Kraninger’s appointment.