Senate Invokes Cloture on Kraninger CFPB Nomination – NMP Skip to main content

Senate Invokes Cloture on Kraninger CFPB Nomination

Phil Hall
Nov 29, 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 U.S. Senate voted 50-49 along party lines to invoke cloture to limit debate on the nomination of Kathy Kraninger to become the next Director of the Consumer Financial Protection Bureau (CFPB).
The U.S. Senate voted 50-49 along party lines to invoke cloture to limit debate on the nomination of Kathy Kraninger to become the next Director of the Consumer Financial Protection Bureau (CFPB)
The CFPB has been without a Director for a year, following the resignation of Richard Cordray to pursue his unsuccessful bid to become Ohio’s governor. Kraninger, who is Associate Director of the Office of Management and Budget (OMB) was confirmed in August by the Senate Banking Committee in a 13-12 vote along party lines.
 
The Senate is expected to vote on Kraninger’s confirmation during the next week. Mick Mulvaney, the OMB Director, has served as CFPB Acting Director since Cordray’s departure.

 
Published
Nov 29, 2018
Georgia Governor Signs New Mortgage Licensing Law

Lessens impact on hiring of out-of-state employees with criminal records

Regulation and Compliance
May 10, 2022
10,000 NAHB Members Sign Letter To Biden Seeking Housing Market Help

The letter cites rapidly rising interest rates, rising home prices and rents, and the rising cost of lumber and building materials for significantly decreasing housing affordability.

Construction
May 02, 2022
Pending Home Sales Fall Again

Pending home sales fell for the fifth consecutive month, according to the National Association of Realtors pending home sales index.

Regulation and Compliance
Apr 27, 2022
CFPB Invokes Dormant Authority To Examine Nonbank Companies

Bureau seeking comment on updated procedures

Regulation and Compliance
Apr 25, 2022
FHA Adds 40-Year Loan Modification To Loss Mitigation Options

Joins GSEs, NCUA, & USDA in offering the option.

Regulation and Compliance
Apr 20, 2022
22 AGs Call For Eliminating Mortgage Convenience Fees

Coalition claims fees are nothing more than double payments for services.

Regulation and Compliance
Apr 13, 2022