Press statement by Mick Mulvaney, acting director

I commend the U.S. Senate for confirming Kathy Kraninger as
the next director of the Bureau of Consumer Financial Protection. Next week
begins a new chapter of service in Kathy’s career. The American consumer and
our economy’s financial sector will benefit from her commitment, expertise, and
professionalism. This last year has been an important step in the history of
the Bureau as we take our place among the most notable regulatory bodies of our
country—and frankly the world. Like all transitions, it was not always as smooth
as we would’ve all liked, but the Bureau has emerged stronger for it. I wish
Kathy the best of luck, and I look forward to the next five years of her
leadership.