Newsroom
Kraninger resigns from CFPB
CFPB Director Kathy Kraninger resigned from her position Wednesday. President Joe Biden recently announced his intent to nominate Rohit Chopra, a commissioner at the Federal Trade Commission (FTC), to lead the bureau.
"NAFCU thanks Director Kraninger for her leadership at the CFPB and commitment to strengthening the financial services system," said NAFCU President and CEO Dan Berger. "We appreciate her receptiveness to hearing credit unions' perspective during her tenure, taking several of our concerns into consideration in the bureau's regulatory efforts, and support for the industry's mission to provide safe, affordable financial products and services to its 123 million members. We will continue to work closely with the bureau as credit unions' voice at the federal level."
Kraninger has served as director at the CFPB since December 2018 and announced her resignation following Biden's inauguration. In her resignation letter, she noted her support for "the Constitutional prerogative of the President to appoint senior officials within the government who support the President's policy priorities, which ensures our government is responsive to the will of the people as expressed in presidential elections."
The U.S. Supreme Court last year determined that the bureau's single-director structure was unconstitutional, but the bureau could continue to operate so long as the director is subject to removal by the president at will.
Share This
Related Resources
Add to Calendar 2024-05-03 14:00:00 2024-05-03 14:00:00 Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing About the Webinar In January 2024, Pentegra conducted a survey of retirement plan sponsors and their perspectives on retirement plan management and fiduciary outsourcing. The survey measured how sponsors are using fiduciary outsourcing to help better manage their retirement plans. It also captured their perspectives on what outsourcing does to help them better position their plans and drive improved retirement plan outcomes. Key Takeaways: What is the full scope of your responsibilities as a plan sponsor? What is fiduciary outsourcing and how does it work? How does fiduciary outsourcing help reduce workloads and minimize risk? How can a credit union best position its plan to drive improved outcomes? Register Here Web NAFCU digital@nafcu.org America/New_York public
Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing
preferred partner
Pentegra
Webinar
Turning Lemons into Lemonade: Capitalizing in a Post-Banking Crisis Era
Strategy
preferred partner
Allied Solutions
Blog Post
Ensuring Safety and Soundness with AI
Management, Consumer Lending, FinTech
preferred partner
Upstart
Blog Post
Add to Calendar 2024-05-02 14:00:00 2024-05-02 14:00:00 Mastering Resilience in Incident Response Plans About the Webinar An Incident Response (IR) plan is crucial for guiding credit unions through major incidents efficiently and effectively. However, many IR plans lack resilience, making them less adaptable to the evolving threat landscape. Join us for our webinar Mastering Resilience in Incident Response Plans where DefenseStorm cyber experts Elizabeth Houser and James Bruhl will delve into the importance of resiliency within cybersecurity IR plans. Don’t miss out on the opportunity to learn how to: Ensure IR plan accessibility so that all team members with assigned roles are prepared for effective incident response. Conduct efficient and regular reviews to ensure roles and responsibilities are current, tools are relevant, and compliance requirements are met. Implement and utilize tabletops to regularly test the effectiveness of your IR plan. Enhance preparedness, efficiency, and confidence among responders. View On-Demand Web NAFCU digital@nafcu.org America/New_York public
Mastering Resilience in Incident Response Plans
preferred partner
DefenseStorm
Webinar
Get daily updates.
Subscribe to NAFCU today.