WASHINGTON (November 13, 2018) – This morning, the National Association of Realtors®, joined by over 20 associations from across the real estate industry, sent a letter to Senate Leadership and the Senate Committee on Banking, Housing, and Urban Affairs urging confirmation of Kathleen Kraninger as the Director of the Bureau of Consumer Financial Protection. Groups joining this NAR-led effort include the National Association of Home Builders, the Mortgage Bankers Association and the Housing Policy Council.
“In addition to her time leading the Office of Management and Budget, Kathy Kraninger has decades of experience on Capitol Hill and with previous presidential administrations. As Director of the Bureau of Consumer Financial Protection, the National Association of Realtors® is confident Ms. Kraninger will prioritize the protection of consumers’ financial interests while eyeing necessary and critical reforms of the Bureau’s examination, enforcement, and rulemaking processes,” said NAR Senior Vice President of Government Affairs, Shannon McGahn.
“NAR and this coalition of nearly two dozen other associations strongly urge the Senate to confirm Ms. Kraninger as BCFP Director, and we look forward to working alongside the Bureau to achieve our shared goal of protecting American homebuyers and the nation’s real estate industry,”
The Senate is expected to consider Kraninger’s nomination before the end of 2018. A copy of the coalition letter is attached to this release.
“Ms. Kraninger’s previous positions in government demonstrate her approach to managing an agency that has significant impact on the daily lives of Americans and the entire U.S. economy,” the letter reads. “Her background in government service with the Office of Management and Budget, Department of Homeland Security, and the Senate Appropriations Committee, gives her a strong understanding of the role of government and the need for increased transparency at the Bureau.”
The National Association of Realtors® is America’s largest trade association, representing 1.3 million members involved in all aspects of the residential and commercial real estate industries.