The Bank Slate


Former CFPB director to lead Florida Bankers Association

The Florida Bankers Association has hired a former director of the Consumer Financial Protection Bureau as its new CEO.

Alex Sanchez, who is retiring as the association’s leader, wrote in a LinkedIn post that Kathy Kraninger will be his successor.

“The FBA team is a family,” Sanchez wrote.

“While this member of the family will soon be leaving them behind, they will continue in their dedication in serving our industry by helping the FBA’s fourth CEO, Kathy Kraninger, and her efforts,” he added. “The FBA team will be united and work towards finding solutions to help our bankers do what they do best, provide the capital to help the economy.”

Kraninger was the CFPB’s director from 2018 to 2021. She resigned her position in 2021 after President Biden was inaugurated, tweeting that her departure was “requested by the Biden administration.” 

Later that year, she was named vice president of regulatory affairs at Solidus Labs, a New York cryptocurrency market surveillance firm. Solidus’ web site still has her listed as a senior official. 

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