President Trump has nominated Kathleen Kraninger to replace Mick Mulvaney as CFPB chief. This nomination is subject to senate approval. The vote has yet to be scheduled.

Alan Kaplinsky, Co-Practice Leader of Ballard Spahr's Consumer Financial Services Group, said that at first "it was widely believed the vote would take place during the "lame duck" period between the mid-term elections and the end of the current session, there are now signs a vote could happen even sooner. I'm now hearing rumors that the Senate will vote on her nomination once they confirm Brett Kavanaugh as Supreme Court Justice."

The CFPB has received criticism from many lawmakers since its creation in 2011 for its leadership structure. Ms. Kraninger has said that her leadership will closely resemble that of Mick Mulvaney.

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