Kraninger Nomination Clears Senate Hurdle – NMP Skip to main content

Kraninger Nomination Clears Senate Hurdle

Nov 16, 2018
The nomination of Kathy Kraninger to become the next Director of the Consumer Financial Protection Bureau (CFPB) came closer to being achieved when Senate Majority Leader Mitch McConnell (R-KY) filed a procedural motion

The nomination of Kathy Kraninger to become the next Director of the Consumer Financial Protection Bureau (CFPB) came closer to being achieved when Senate Majority Leader Mitch McConnell (R-KY) filed a procedural motion for the full The nomination of Kathy Kraninger to become the next Director of the Consumer Financial Protection Bureau (CFPB) came closer to being achieved when Senate Majority Leader Mitch McConnell (R-KY) filed a procedural motion Senate to vote on the nomination.
 
According to a Washington Examiner report, McConnell filed cloture to consider Kraninger's nomination. Under Senate rules, a successful vote to proceed with the nomination would end debate and allow for a confirmation vote.
 
The CFPB Director has been vacant for nearly a year, following Richard Cordray’s decision to quit the post and pursue the Democratic nomination for governor of Ohio. Cordray won the nomination but lost the election to Mike DeWine, Ohio’s Attorney General, earlier this month.

 
About the author
Published
Nov 16, 2018
West Capital LO Challenges Contractor Status, Required Fees

A former originator alleges unpaid overtime, recurring tech charges, and company restrictions that he says undermine his independent-contractor status

CFPB Closes 40% Of Investigations, Keeps Mortgage Enforcement In Focus

The federal watchdog closed thousands of supervisory and investigative matters as it narrowed oversight

Midterms Loom With Mortgage Policy Changes Already In Motion

As voters head to the polls Tuesday, Washington is weighing changes to refinancing costs, loan pricing, and lending regulations

UAD 3.6 Deadline Is Monday. Are Brokers Ready?

Wholesale lenders have adopted different rules for appraisal transfers, loan product changes, and reporting formats, adding complications for brokers and appraisers ahead of the Nov. 2 mandate

Friday Harbor Expands AI Appraisal Reviews As UAD 3.6 Deadline Nears

The new capability adds more than 350 automated checks as lenders prepare for the November 2 mandate

Oct 27, 2026