Washington Report

Advocacy Updates from Washington D.C.

Today, the Senate confirmed Kathy Kraninger as the next Director of the Bureau of Consumer Financial Protection (BCFP) by a vote of 50-49. The Director of the Office of Management and Budget Director, Mick Mulvaney, has been serving as the Acting Director of the Bureau since former Director Richard Cordray left in November 2017.

NAR, along with 20 other housing and financial organizations, sent a letter to Senate Leaders McConnell (R-KY) ad Schumer (D-NY) urging for the confirmation of Ms. Kraninger last month. The letter supported Ms. Kraninger’s confirmation as a thoughtful, experienced leader who will ensure necessary transparency of Bureau activities and rulemakings. 

Read NAR's Coalition Letter