--- title: CFPB, BCFP, Acting Director, Permanent Director, and more description: Discover the transition from CFPB to BCFP and the latest updates on the nomination of Kathy Kraninger as the new director. Learn more here! image: https://blog.softprocorp.com/hubfs/capitol%20building-small.jpg --- **800-848-0143** Request a Demo [Contact Us](http://softprocorp.flywheelsites.com/contact-us/)[Blog](https://blog.softprocorp.com/?__hstc=190569908.2565e5b7b5a67b3a02e01a942807fecd.1514783189296.1514783189296.1514788403894.2&__hssc=190569908.1.1514788403894&__hsfp=2437171227)[Careers](http://softprocorp.flywheelsites.com/about/careers/) Search [MySoftPro Login](https://my.softprocorp.com/?__hstc=190569908.2565e5b7b5a67b3a02e01a942807fecd.1514783189296.1514783189296.1514788403894.2&__hssc=190569908.1.1514788403894&__hsfp=2437171227) SEARCH BLOGS SEARCH ALL [![softpro logoMain](https://blog.softprocorp.com/hubfs/softpro-logo.svg)](https://softprocorp.com/) - [Products](https://www.softprocorp.com/real-estate-software-solutions/) - [Overview](https://www.softprocorp.com/real-estate-software-solutions/) - [Standard](https://www.softprocorp.com/real-estate-software-solutions/softpro-standard/) - [Select](https://www.softprocorp.com/real-estate-software-solutions/softpro-select/) - [Hosted](https://www.softprocorp.com/real-estate-software-solutions/softpro-hosted-software/) - [SoftPro 360 Integrations](https://www.softprocorp.com/real-estate-software-solutions/softpro-360-data-integration/) - [ClosingsLIVE](https://www.softprocorp.com/closingslive) - [SoftPro Sign](https://www.softprocorp.com/real-estate-software-solutions/softpro-sign/) - [SoftPro Banking](https://www.softprocorp.com/real-estate-software-solutions/softpro-banking/) - [Eclosings](https://www.softprocorp.com/real-estate-software-solutions/eclosings/) - [Product Quiz](https://www.softprocorp.com/product-quiz/) - [Services](https://www.softprocorp.com/about/#) - [Overview](https://www.softprocorp.com/software-services/) - [Maintenance](https://www.softprocorp.com/software-services/software-maintenance/) - [SoftPro Protect](https://www.softprocorp.com/real-estate-software-solutions/softpro-protect/) - [SoftPro Consulting](https://www.softprocorp.com/software-services/softpro-consulting/) - [Reconciliation Reports & Services](https://www.softprocorp.com/software-services/reconciliation-services/) - [Development](https://www.softprocorp.com/software-services/custom-development/) - [Reports & Docs](https://www.softprocorp.com/software-services/custom-reports-and-docs/) - [Regulatory & Compliance](https://www.softprocorp.com/software-services/regulatory-and-compliance/) - [Training](https://www.softprocorp.com/about/#) - [Overview](https://www.softprocorp.com/softpro-training/) - [Web-Based](https://www.softprocorp.com/softpro-training/web-based-training/) - [Onsite](https://www.softprocorp.com/softpro-training/onsite-training/) - [Training Seminars](https://www.softprocorp.com/softpro-training/training-seminars/) - [Free Trainings](https://blog.softprocorp.com/webinars) - [Saved You a Seat](https://www.softprocorp.com/softpro-training/saved-you-a-seat/) - [Support](https://www.softprocorp.com/about/#) - [Overview](https://www.softprocorp.com/softpro-support/) - [Underwriter Documents & Downloads](https://www.softprocorp.com/resources/underwriting-documents/) - [Remote Support](https://www.softprocorp.com/softpro-online-support/) - [About](https://www.softprocorp.com/about/#) - [Contact Us](https://www.softprocorp.com/contact-us/) - [Overview](https://www.softprocorp.com/about/) - [Leadership](https://www.softprocorp.com/about/management-team/) - [Corporate Citizenship & Social Responsibility](https://www.softprocorp.com/about/corporate-citizenship/) - [Careers](https://www.softprocorp.com/about/careers/) - [History](https://www.softprocorp.com/about/history/) - [Blog](https://blog.softprocorp.com/?__hstc=190569908.2565e5b7b5a67b3a02e01a942807fecd.1514783189296.1514788403894.1514795107582.3&__hssc=190569908.3.1514795107582&__hsfp=2437171227) - [Testimonials](https://www.softprocorp.com/about/case-studies-testimonials/) [![softpro logoMain](https://blog.softprocorp.com/hubfs/softpro-logo.svg)](https://softprocorp.com/) **800-848-0143** Request a Demo Search SEARCH BLOGS SEARCH ALL Search - [Products](https://www.softprocorp.com/real-estate-software-solutions/) - [Overview](https://www.softprocorp.com/real-estate-software-solutions/) - [Standard](https://www.softprocorp.com/real-estate-software-solutions/softpro-standard/) - [Select](https://www.softprocorp.com/real-estate-software-solutions/softpro-select/) - [Hosted](https://www.softprocorp.com/real-estate-software-solutions/softpro-hosted-software/) - [SoftPro 360 Integrations](https://www.softprocorp.com/real-estate-software-solutions/softpro-360-data-integration/) - [ClosingsLIVE](https://www.softprocorp.com/closingslive) - [SoftPro Sign](https://www.softprocorp.com/real-estate-software-solutions/softpro-sign/) - [SoftPro Banking](https://www.softprocorp.com/real-estate-software-solutions/softpro-banking/) - [Eclosings](https://www.softprocorp.com/real-estate-software-solutions/eclosings/) - [Services](https://www.softprocorp.com/about/#) - [Overview](https://www.softprocorp.com/software-services/) - [Maintenance](https://www.softprocorp.com/software-services/software-maintenance/) - [SoftPro Protect](https://www.softprocorp.com/real-estate-software-solutions/softpro-protect/) - [SoftPro Consulting](https://www.softprocorp.com/software-services/softpro-consulting/) - [Reconciliation Reports & Services](https://www.softprocorp.com/software-services/reconciliation-services/) - [Development](https://www.softprocorp.com/software-services/custom-development/) - [Reports & Docs](https://www.softprocorp.com/software-services/custom-reports-and-docs/) - [Regulatory & Compliance](https://www.softprocorp.com/software-services/regulatory-and-compliance/) - [Training](https://www.softprocorp.com/about/#) - [Overview](https://www.softprocorp.com/softpro-training/) - [Web-Based](https://www.softprocorp.com/softpro-training/web-based-training/) - [Onsite](https://www.softprocorp.com/softpro-training/onsite-training/) - [Training Seminars](https://www.softprocorp.com/softpro-training/training-seminars/) - [Free Trainings](https://blog.softprocorp.com/webinars) - [Saved You a Seat](https://www.softprocorp.com/softpro-training/saved-you-a-seat/) - [Support](https://www.softprocorp.com/about/#) - [Overview](https://www.softprocorp.com/softpro-support/) - [Underwriter Documents & Downloads](https://www.softprocorp.com/resources/underwriting-documents/) - [Remote Support](https://www.softprocorp.com/softpro-online-support/) - [About](https://www.softprocorp.com/about/#) - [Contact Us](https://www.softprocorp.com/contact-us/) - [Overview](https://www.softprocorp.com/about/) - [Leadership](https://www.softprocorp.com/about/management-team/) - [Corporate Citizenship & Social Responsibility](https://www.softprocorp.com/about/corporate-citizenship/) - [Careers](https://www.softprocorp.com/about/careers/) - [History](https://www.softprocorp.com/about/history/) - [Blog](https://blog.softprocorp.com/?__hstc=190569908.2565e5b7b5a67b3a02e01a942807fecd.1514783189296.1514788403894.1514795107582.3&__hssc=190569908.3.1514795107582&__hsfp=2437171227) - [Testimonials](https://www.softprocorp.com/about/case-studies-testimonials/) - [Contact Us](https://www.softprocorp.com/contact-us/) - [Blog](https://blog.softprocorp.com/) - [Careers](https://www.softprocorp.com/about/careers/) - [MySoftPro Login](https://my.softprocorp.com/Login?ReturnUrl=%2F%3F__hstc%3D190569908.2565e5b7b5a67b3a02e01a942807fecd.1514783189296.1514864755853.1514869798011.8%26__hssc%3D190569908.1.1514869798011%26__hsfp%3D2437171227&__hstc=190569908.2565e5b7b5a67b3a02e01a942807fecd.1514783189296.1514864755853.1514869798011.8&__hssc=190569908.1.1514869798011&__hsfp=2437171227) [![softpro](https://blog.softprocorp.com/hs-fs/hubfs/Softprocorp%20Jan2018%20January2018%20Theme/images/logoMain.png?width=186&height=72&name=logoMain.png "logoMain.png")](http://softprocorp.flywheelsites.com/) ##### Request A Demo × Close ##### Contact Sales × Close # SoftPro Blog [Back to Blog](https://blog.softprocorp.com/) 8/16/18, 12:11 PM # CFPB, BCFP, Acting Director, Permanent Director, and more Posted by [SoftPro](https://blog.softprocorp.com/author/leslie.wyattsoftprocorp.com) on 8/16/18, 12:11 PM - [Tweet](https://twitter.com/share) Let’s start with the name change… Apparently, the [CFPB](https://www.consumerfinance.gov/) was actually supposed to be called the BCFP.  At a recent speech at the ALTA Advocacy Conference in May, the acting director of the CFPB, Mick Mulvaney, informed the attendees that the name is not the Consumer Financial Protection Bureau but rather the Bureau for Consumer Financial Protection.  Since that time, most memo’s coming out of the bureau have referenced the “new” name of BCFP. Mulvaney also stated that the President needed to appoint a nominee to be the permanent director of the CFPB (BCFP) by June 22nd, which he did.  Queue the nomination of Kathy Kraninger, the Office of Management and Budget official to head the Consumer Financial Protection Bureau.  With very little experience in leadership, this will be a tough nomination to get confirmed.  While Mulvaney's term was set to end on the 22nd, once the President officially nominated Kraninger, it was decided that Mulvaney will remain at the helm of the bureau until the Senate confirms the nomination. On July 19th, Kraninger appeared before the Senate Committee on Banking, Housing and Urban Affairs for her nomination hearing and as expected, it was heated and controversial.  Overall Kraninger kept her responses very vague when it came to how the bureau would regulate businesses under her leadership, which many democratic leaders found frustrating.  While they were originally hoping to vote in early August, the vote was delayed as the Senate adjourns for an unexpected short recess on August 1st and will not be back in session until August 13th. No date has been scheduled yet for a new vote. **Want to stay up to date on more industry updates? Make sure to subscribe to our blog. ** Topics: [Regulatory and Compliance](https://blog.softprocorp.com/topic/regulatory-and-compliance) #### Stay up-to-date on the information about industry regulatory requirements, events, customer successes, company updates, and more! ### Subscribe to Email Updates ### Recent Posts [see all](https://blog.softprocorp.com/)   ### Posts by Topic - [Regulatory and Compliance (243)](https://blog.softprocorp.com/topic/regulatory-and-compliance) - [Integrations (82)](https://blog.softprocorp.com/topic/integrations) - [Saved You a Seat Webinars (74)](https://blog.softprocorp.com/topic/saved-you-a-seat-webinars) - [Guides & E-books (67)](https://blog.softprocorp.com/topic/guides-e-books) - [Testimonials & Case Studies (66)](https://blog.softprocorp.com/topic/testimonials-case-studies) - [Best Practices (61)](https://blog.softprocorp.com/topic/best-practices) - [Webinars (61)](https://blog.softprocorp.com/topic/webinars) - [Company News (55)](https://blog.softprocorp.com/topic/company-news) - [Events (40)](https://blog.softprocorp.com/topic/events) - [Technology (21)](https://blog.softprocorp.com/topic/technology) - [Reconciliation (16)](https://blog.softprocorp.com/topic/reconciliation) - [1099 (11)](https://blog.softprocorp.com/topic/1099) - [FinCEN (9)](https://blog.softprocorp.com/topic/fincen) - [SoftPro Select (7)](https://blog.softprocorp.com/topic/softpro-select) - [ClosingsLIVE (5)](https://blog.softprocorp.com/topic/closingslive) - [Commercial (1)](https://blog.softprocorp.com/topic/commercial) see all ## Ready to streamline your closing, title and escrow process? Contact Sales or call us at 800.848.0143 ![softpro logoMain](https://blog.softprocorp.com/hs-fs/hubfs/Softprocorp%20Jan2018%20January2018%20Theme/images/softpro%20logoMain.png?width=185&height=72&name=softpro%20logoMain.png) © 2026 ### Contact 800.848.0143 4800 Falls of Neuse Rd Suite 600 Raleigh, NC 27609 [Directions](http://softprocorp.flywheelsites.com/contact/) ### Email [General](mailto:connect@softprocorp.com) [Sales](mailto:sales@softprocorp.com) [Support](mailto:support@softprocorp.com) [Training](mailto:trainingadmin@softprocorp.com) [Consulting](mailto:consulting@softprocorp.com) ### Connect ### Sign up to stay in touch ### Quick Links - [Products](http://www.softprocorp.com/real-estate-software-solutions/) - [Software Services](http://www.softprocorp.com/software-services/) - [Training Solutions](http://www.softprocorp.com/softpro-training/) - [SoftPro Support](http://www.softprocorp.com/softpro-support/) - [Underwriter Documents & Downloads](http://www.softprocorp.com/resources/underwriting-documents/) - [About](http://www.softprocorp.com/about/) - [Careers](http://www.softprocorp.com/about/careers/) - [Blog](https://blog.softprocorp.com/?__hstc=190569908.2565e5b7b5a67b3a02e01a942807fecd.1514783189296.1514795107582.1514798595244.4&__hssc=190569908.10.1514798595244&__hsfp=2437171227) - [Privacy Notice](https://fnf.com/privacy-and-security/) - [Terms of Service](https://fnf.com/terms-of-use) - [Accessibility](http://www.softprocorp.com/accessibility/) - [California Privacy Policy](https://fnf.com/CaliforniaPrivacy)   [Website design & development](http://www.everest-agency.com) by [Everest Agency](http://www.everest-agency.com) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "SoftPro", "url" : "https://blog.softprocorp.com/author/leslie.wyattsoftprocorp.com" }, "dateModified" : "2023-10-23T17:22:03.753Z", "datePublished" : "2018-08-16T16:11:27.000Z", "headline" : "CFPB, BCFP, Acting Director, Permanent Director, and more", "image" : [ "https://blog.softprocorp.com/hubfs/capitol%20building-small.jpg" ], "mainEntityOfPage" : { "@id" : "https://blog.softprocorp.com/cfpb-bcfp-acting-director-permanent-director", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.softprocorp.com/hubfs/SoftPro_nosubtext-1.png" }, "name" : "SoftPro" } } ```