CUNA Engaged with Kraninger Vote, Hearings this Week

CUNA is engaged with several hearings in Congress this week, as well as a Senate confirmation vote on the director of the Bureau of Consumer Financial Protection (BCFP). CUNA wrote to Senate leadership Monday in advance of its expected vote on Kathy Kraninger to lead the Bureau.

Senate Majority Leader Mitch McConnell (R-Ky.) filed cloture Nov. 15 on the nomination, setting up a full Senate vote once the chamber votes to end debate.

Kraninger, who currently works at the Office of Management and Budget, was nominated by President Donald Trump in June to replace Acting Director Mick Mulvaney, who was appointed by Trump in November 2017.

CUNA is also engaged with several hearings this week, including:

  • A Wednesday (2:00 p.m.) House Financial Services sub-committee on housing and insurance hearing, “Oversight of the Federal Housing Administration;”
  • A Wednesday (9:15 a.m.) House Financial Services sub-committee on monetary policy and trade hearing, “Evaluating the Effectiveness of the International Financial Institutions;” and
  • A Thursday (10 a.m.) Senate Banking Committee hearing, "Combating Money Laundering and Other Forms of Illicit Finance: Regulator and Law Enforcement Perspectives on Reform.”