Senate Banking Committee narrowly passes Kraninger as next CFPB director

Posted On August 28, 2018

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The Senate Committee on Housing, Banking and Urban Affairs narrowly passed a vote nominating Kathy Kraninger as the next director of the Consumer Financial Protection Bureau.


The vote narrowly passed on Thursday with 13 senators voting for Kraninger’s nomination and 12 senators voting against it.

Kraninger’s vote will now move to a full Senate vote, where she will face her final hurdle before replacing CFPB Acting Director Mick Mulvaney and becoming director of the CFPB for the next five years.