Senate Confirms Kraninger to Run CFPB

National Mortgage Professional cited CEI’s John Berlau on the Senate’s confirmation of Kathleen Kraninger as Director of CFPB.

“John Berlau, Senior Fellow at the Competitive Enterprise Institute, commended Mulvaney’s interim leadership, noting it differed from how Cordray ‘arbitrarily and retroactively applied regulatory punishments against certain financial firms without due process. We believe Kraninger will continue the Bureau’s new direction of being tough but fair and promoting consumer choice. Her statements during the confirmation hearing indicated she values a thorough and fact-driven rulemaking process and wants to help bring down the cost of consumer credit by expanding choice and competition.'”

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