The Senate Banking Committee on Aug. 23 approved the nomination of Kathy Kraninger to head the Consumer Financial Protection Bureau (CFPB) for a five-year term.
Members voted 13-12 in favor along party lines. The nomination now will go before the full Senate for consideration.
Read on for highlights of the committee hearing and reaction on the vote from the Consumer Bankers Association (CBA) and the American Bankers Association (ABA).
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