Committee sets votes on nominations for BCFP, OFR nominees

A vote on the nomination of Kathleen (“Kathy”) Kraninger to be director of the Bureau of Consumer Financial Protection (BCFP, formerly known as the CFPB) is set for Thursday by the Senate Banking Committee. The committee held a hearing for Kraninger earlier this month.

The committee will also vote on the nomination of Dino Falaschetti to be director of Treasury’s Office of Financial Research. A hearing for Falaschetti was held by the committee last week.

A number of other non-financial regulator nominations will also be considered during the session.

If the committee votes to recommend Kraninger’s nomination to the full Senate, it would schedule a vote to consider her confirmation to succeed BCFP Acting Director John “Mick” Mulvaney. He has been serving in that role since November 2017, when he was appointed by President Donald Trump to succeed Richard Cordray, who resigned.

Falaschetti, if confirmed by the Senate, would succeed Richard B. Berner, who also resigned.

The votes are scheduled to begin at 10:15 a.m. ET.