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For Immediate Release
June 16, 2018
ABA Media Contact: Jeff Sigmund
(202) 663-5439
Follow us on Twitter: @ABABankers

ABA Congratulates Kraninger on CFPB Nomination

By Rob Nichols, ABA president and CEO

"We congratulate Kathy Kraninger on her nomination to lead the Consumer Financial Protection Bureau. Her experience at OMB alongside Acting CFPB Director Mick Mulvaney, along with her years of work on Capitol Hill and in the executive branch, would serve her well in this important position. We trust she shares our interest in ensuring consumers have access to the financial products they want and need, while maintaining the protections they deserve.

"We also appreciate Acting Director Mulvaney’s willingness to review the Bureau’s policies and priorities to ensure they are meeting the Bureau’s mission, and we hope Ms. Kraninger will build on that foundation. We look forward to learning more about her views on specific regulatory issues during the confirmation process."

The American Bankers Association is the voice of the nation’s $17 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $13 trillion in deposits and extend nearly $10 trillion in loans.