Online Lenders Alliance Statement on Confirmation of Kathleen Kraninger to Lead BCFP
WASHINGTON, DC – December 6, 2018 – Following the Senate’s confirmation of Kathleen Kraninger to lead the Bureau of Consumer Financial Protection (BCFP), the Online Lenders Alliance (OLA) released the following statement:
“We congratulate Kathleen Kraninger on her confirmation to lead the BCFP. Fintech is delivering a host of convenient and affordable credit options for qualified Americans, and we look forward to working with her on strong and clear policies to allow that innovation to continue. People need and deserve access to reliable credit, and we need a system that preserves that opportunity.”
“Ms. Kraninger’s extensive experience in both the Executive Branch and as a senior Congressional staffer brings a unique skill set that will enable the Bureau, under her leadership, to stay focused and on track as it tackles the many pressing issues facing consumers. Through her work at OMB and a distinguished public service career, Kathleen Kraninger has demonstrated that she is the right person for the job.”
The Online Lenders Alliance (OLA) is the first trade association in Fintech and the center for lending, technology and innovation, representing the growing industry of companies offering loans online. OLA’s membership includes entrepreneurs, publicly-traded companies, fraud prevention experts, privacy protectors, lenders, alternative credit bureaus, and software developers. OLA members abide by a rigorous set of Best Practices and Code of Conduct to ensure their customers are fully informed and fairly treated.
For Immediate Release