Released: January 21, 2021
Consumer bureau director resigns at Biden’s request
Source: Sylvan Lane, The Hill
Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger resigned at the request of the newly sworn-in President Biden, clearing the way for his nominee to lead the powerful regulatory agency.
Kraninger’s resignation gives Biden the opportunity to quickly appoint an acting director to lead the CFPB until his eventual nominee, Rohit Chopra, is confirmed.
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