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MBA Statement on Kathy Kraninger Nomination to be BCFP Director

WASHINGTON, D.C. (June 18, 2018) –- (RealEstateRama) — Dave Motley, CMB, Chairman of the Mortgage Bankers Association (MBA) and President of Colonial Savings, F.A., released the following statement regarding President Trump’s nomination of Kathy Kraninger to become the next Director of the Bureau of Consumer Financial Protection (BCFP):

“MBA is pleased that Kathy Kraninger has been nominated to oversee the BCFP. Based on her background and experience, we look forward to hearing her views about how to improve the Bureau’s oversight and operations, and how she will leverage the information gathered from the ongoing RFI process to protect consumers from unscrupulous practices while also ensuring they enjoy access to safe, sustainable loan products. MBA is eager for a fair and thorough confirmation process to begin as quickly as possible.”

Ali Ahmad

(202) 557- 2727