Washington, D.C (June 28, 2018)—Independent Community Bankers of America® (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the nomination of Kathy Kraninger to head the Bureau of Consumer Financial Protection.
“ICBA and the nation’s community bankers congratulate Kathy Kraninger on her nomination for director of the Bureau of Consumer Financial Protection. As relationship lenders, community banks are committed to the highest standards of consumer protection and have a built-in incentive to do right by their customers.
“ICBA looks forward to working with Kathy Kraninger on the bureau’s many important initiatives, including ensuring that regulations are tiered and proportionate to the smaller size and reduced risk of the nation’s community banks.”
The Independent Community Bankers of America®, the nation’s voice for nearly 5,700 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit ICBA’s website at www.icba.org.