Industry Seeks Clues on CFPB Direction Ahead of Leadership Vote

PaymentsCompliance spoke to Alan Kaplinsky, a partner in Ballard Spahr’s Consumer Financial Services Group, for an article on the nomination of Kathleen Kraninger to replace Mick Mulvaney as CFPB chief.

“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,” Mr. Kaplinsky predicted. “I'm now hearing rumors that the Senate will vote on her nomination once they confirm Brett Kavanaugh as Supreme Court Justice."

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