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 ...