Senate Banking Committee postpones votes on BCFP, OFR nominees

The Senate Banking Committee Wednesday postponed Thursday votes on nominations for Kathleen “Kathy” Kraninger to be director of the Bureau of Consumer Financial Protection (BCFP, formerly known as the CFPB), and five others, as the Senate completed its business (and votes) for the week.

No new date for the committee to consider the nominations was announced.

The committee had also been scheduled to consider the nomination of Dino Falaschetti, to be director of Treasury’s Office of Financial Research.

The committee held hearings on the nominations for the pair earlier this month.

Kraninger, if confirmed by the full Senate, would 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.

Other nominations postponed are: Kimberly A. Reed, to be President of the Export-Import Bank of the United States; Elad L. Roisman, to be a Member of the Securities and Exchange Commission; Michael R. Bright, to be President, Government National Mortgage Association; and Rae Oliver, to be Inspector General, Department of Housing and Urban Development.

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