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Kraninger Announced as FFIEC Chair

Consumer Financial Protection Bureau (CFPB) Director Kathleen L. Kraninger is the new Chairman of the Federal Financial Institutions Examination Council (FFIEC), according to an announcement by the FFIEC today.

Consumer Financial Protection Bureau (CFPB) Director Kathleen L. Kraninger is the new Chairman of the Federal Financial Institutions Examination Council (FFIEC), according to an announcement by the FFIEC today. Chairman Kraninger's two-year term ends on March 31, 2021. She succeeds Jelena McWilliams, Chairman, Federal Deposit Insurance Corporation. "I look forward to engaging with my colleagues and remain committed to finding effective ways to collaborate on supervisory matters, including the use of appropriate technology. Under my leadership, I plan to focus on building a culture of compliance that prevents consumer harm in the first place," Kraninger said.