Banking Law News

White House Aide Kraninger Is Trump’s Choice for Consumer Agency

June 16, 2018, 10:23 PM

President Donald Trump has chosen Kathy Kraninger, a little-known White House budget aide, as director of the Consumer Financial Protection Bureau, an administration official said.

If approved by the Senate, Kathy Kraninger would succeed her boss, White House Budget Director Mick Mulvaney, who’s led the consumer watchdog part-time since November.

“She will bring a fresh perspective and much-needed management experience to the BCFP, which has been plagued by excessive spending, dysfunctional operations, and politicized agendas,” White House spokeswoman Lindsey Walters said in a statement.

Walters termed Kraninger “a staunch supporter of free enterprise” who would continue reforms started by Mulvaney...

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