6/18/18 3:45 PM

Permanent CFPB director to be appointed next week


According to an article published by HousingWire, the White House is expected to name a permanent director of the Consumer Financial Protection Bureau (CFPB) next week. Mick Mulvaney currently serves as the interim director of the CFPB, but his tenure ends on June 22. A few different names were reported in the running for the position, but on Saturday, the White House confirmed that it would be appointing Kathy Kraninger as the permanent director. This decision has been met with some controversy, as some claim Kraninger does not have enough experience in the consumer finance sector, while others are looking favorably on the decision due to Kraninger's experience with managing large teams. She currently works in the Office of Budget and Management as a deputy - another office that is led by Mick Mulvaney.

To read more about the expected permanent director appointment, you can continue reading the full HousingWire article here.

Topics: Regulatory and Compliance

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