New CFPB Head Nominee Revealed

The White House on Saturday said it would nominate Kathy Kraninger, a high-level staffer at the Office of Management and Budget, to be director of the Consumer Financial Protection Bureau.

If confirmed by the Senate, Kraninger would replace her boss, OMB Director Mick Mulvaney, who has drawn criticism from Democrats for weakening the watchdog agency. Kraninger  “will bring a fresh perspective and much-needed management experience to the [agency], which has been plagued by excessive spending, dysfunctional operations, and politicized agendas,” Lindsay Walters, the White House deputy press secretary, said in a statement.

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