Skip to main content

Kraninger’s CFPB Hearing Set for July 19

Phil Hall
Jul 02, 2018
The Consumer Financial Protection Bureau has announced that it has taken measures to make it easier for consumers with urgent financial needs to obtain access to mortgage credit more quickly in the middle of the COVID-19 pandemic

Kathy Kraninger, President Trump’s choice to serve as the next Director of the Consumer Financial Protection Bureau (CFPB), will receive a confirmation hearing before the Senate Banking Committee on July 19.
Kathy Kraninger, President Trump’s choice to serve as the next Director of the Consumer Financial Protection Bureau (CFPB), will receive a confirmation hearing before the Senate Banking Committee on July 1
 
Kraninger, who is currently Associate Director of the Office of Management and Budget (OMB), is expected to receive harsh questioning by the committee’s Democrats, especially Sen. Elizabeth Warren (D-MA), who has threatened to put a hold on the nomination unless Kraninger turns over documents and e-mails related to whatever role she might have played at the OMB in formulating the Trump Administration’s Zero Tolerance Policy related to illegal immigrants. Warren has also gone as far as to demand the U.S. Chamber of Commerce withdraw its support for Kraninger. For her part, Kraninger has not publicly commented on Warren’s actions.
 
The Senate Banking Committee has also scheduled confirmation hearings on July 24 for two addition Trump nominations: Elad L. Roisman, who was chosen to fill the seat of departing Securities & Exchange Commissioner (SEC) Michael Piwowar and Michael R. Bright to Ginnie Mae.

 
Published
Jul 02, 2018
CFPB Names 4 To Key Senior Positions

The appointees include two who helped create the bureau and two who served on the CFPB staff during the Obama administration.

Regulation and Compliance
Oct 14, 2021
FHFA Raises Enterprises' Multifamily Loan Purchase Caps

The Federal Housing Finance Agency (FHFA) said the 2022 multifamily loan purchase caps will be $78 billion for each Enterprise, for a combined total of $156 billion to support the multifamily market.

Regulation and Compliance
Oct 13, 2021
CFPB Hits AAG With Complaint For Deceptive Marketing Of Reverse Mortgages

The Consumer Financial Protection Bureau filed a complaint and proposed consent order, which alleges that American Advisors Group (AAG) used inflated and deceptive home estimates to attract reverse mortgage consumers.

Regulation and Compliance
Oct 12, 2021
Waterstone Mortgage Names VP Of Compliance

Waterstone Mortgage Corporation named Kris Barros as the company's vice president of compliance.

Community
Oct 08, 2021
Battling The ‘Giant Purple Snorklewacker’

The confirmation of Rohit Chopra as CFPB director has the mortgage industry anxious, but former MBA CEO David Stevens offers some advice: follow the rules.

Regulation and Compliance
Oct 08, 2021
The Compliance Contradiction

Staunch compliance stances often lead to contradictory actions.

Regulation and Compliance
Oct 06, 2021