Kathy Kraninger Narrowly Approved by Senate Banking Committee in Split Party Vote

In her journey to become the next Director of the Consumer Financial Protection Bureau, Kathy Kraninger must win over the Senate. If the recent vote by the Senate Banking Committee is any indication of how that might go, it might end up in a narrow confirmation along party lines.

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CFPB Acting Director Appoints Paul Watkins as Director of Office of Innovation

Acting Director Mick Mulvaney of the Bureau of Consumer Financial Protection (CFPB) announces the appointment of Paul Watkins as Director of the new Office of Innovation. Watkins, a lawyer from the Arizona Office of the Attorney General who leads its fintech initiatives, will be responsible for overseeing the Office’s mission of “consumer-friendly innovation,” according to the press release.

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White House Nominates Kathy Kraninger for CFPB Director

The White House has recently announced that it will nominate Kathy Kraninger, currently an official from the Office of Management and Budget (OMB), for Director of the Consumer Financial Protection Bureau (CFPB). If her appointment is approved by the Senate, Kraninger will take over for Acting Director Mick Mulvaney, whose term as consumer watchdog ends on June 22nd.

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CFPB Board Members Fired: NAWRB Advocacy Even More Crucial

Yesterday, CFPB’s three advisory boards: the Consumer Advisory Board, Community Bank Advisory Council, and the Credit Union Advisory Council were disbanded. All boards directly reported to the Consumer Protection Financial Bureau established in the wake of the last decade’s financial meltdown. The fired members were advised they could not reapply for seats when an apparent new board forms.

The board, comprised of twenty-five members who according to The Washington Post, are made up of top consumer advocates, academics, and industry executives, have been critical of acting director Mick Mulvaney’s leadership, arguing that he is focused more on the industry than on protecting the American consumer. His critics also fear under his command the Bureau has focused more on weakening the consumer protection aspects of its work.

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CFPB Names Kirsten Sutton Mork Chief of Staff

The Consumer Financial Protection Bureau (CFPB) announced today that Kirsten Sutton Mork has been appointed as its new Chief of Staff. Sutton Mork previously served as Staff Director of the House Financial Services Committee, and has worked on Capitol Hill through the financial crisis and subsequent legislative response.

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Acting Director Mulvaney Announces CFPB Review

Acting Director Mick Mulvaney recently announced a call for evidence and upcoming Requests for Information (RFIs) regarding the Consumer Financial Protection Bureau (CFPB). This public review is meant to ensure that the agency is sufficiently meeting its statutory obligations to protect consumers.

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NAWRB Remembers CFPB’s Laurie Maggiano

It is with saddened hearts that we announce Laurie Maggiano, Servicing and Secondary Markets Program Manager at the Consumer Financial Protection Bureau (CFPB), has passed away. Laurie was an influential leader in the mortgage industry, a role model to her peers, and a beloved friend to many professionals in the housing ecosystem.

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Jumpstarting Your Career & Business in the Housing Ecosystem

As a professional in the housing ecosystem, it is crucial to think outside the box and utilize the resources at your disposal to grow and advance your business and career. Analyzing your market, familiarizing yourself with the competition and crafting a superior business plan are great first steps, but pioneering decisions are what will make or break you in the market.

Adapting to the changing times, leveraging your differences, preparing for the future of the market and surrounding yourself with people invested in your success will help you seize opportunities for advancement.

Balancing New School and Old School
If you consider your favorite products, are they the “best” or the most inexpensive choices on the market? Or, have you developed a relationship with a particular brand that you buy because it has done right by you? Similar to your preferred items, your business can become the go-to for customers.
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Pam Patenaude Sworn in as HUD Deputy Secretary – 1st CFPB Report on Struggling Adults

NAWRB is the Women’s and Small Business ValidatorCollaboration, Influence, Access and Opportunities (#CIAO). To find out how you can get involved, contact NAWRB at (949) 559-9800 and info@www.nawrb.com or visit www.NAWRB.com.

LIVE Updates: 2017 NAWRB Conference – Know Your Rights and Resources

With limited resources, it is crucial for small business owners to know their rights and resources, to be able to identify a streamlined course of action when an issue arises. Sharon Asar, Deputy Ombudsman, CFPB Ombudsman’s Office and Philip D. Lovas, Regional Advocate – SBA Region IX, Office of Advocacy, U.S. Small Business Administration (SBA) shared the resources their offices offer to America’s small business owners and the value they hold for entrepreneurs.

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