Industry Reaction Mixed on New CFPB Nomination

Derek Diaz is quoted in this article in the June 22, 2018 edition of RESPA News.

In a surprising move, President Donald Trump has nominated a virtual unknown in the financial services industry to head the Consumer Financial Protection Bureau (CFPB). Kathy Kraninger currently serves as the associate director for general government at the Office of Management and Budget, overseeing a $250 billion budget for seven cabinet departments and 30 other federal agencies, including the CFPB. Read on to find out what industry experts think about the announcement.

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