Bloomberg Law
Jan. 20, 2021, 5:59 PMUpdated: Jan. 20, 2021, 6:52 PM

CFPB Director Kraninger Resigns At Biden’s Request (1)

Evan Weinberger
Evan Weinberger
Assistant Managing Editor

Consumer Financial Protection Bureau Director Kathy Kraninger announced her resignation Wednesday.

Kraninger, a Trump appointee who won Senate confirmation to the position in December 2018, submitted her resignation less than an hour after President Biden’s inauguration and at the president’s request. She intends to leave immediately.

“I support the Constitutional prerogative of the president to appoint senior officials within the government who support the president’s policy priorities, which ensures our government is responsive to the will of the people as expressed in presidential elections,” Kraninger wrote in a letter to Biden.

Biden was expected to fire Kraninger if she did ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.