Senate Confirms CFPB Director Kathy Kraninger…

OMB Director Mick Mulvaney has been wearing two hats as both head of the Office of Management and Budgets and head of the Consumer Financial Protection Bureau (CFPB).

Democrats went bananas in 2017 when Mulvaney took over the source of their financial black-mail and fundraising scheme constructed by Elizabeth Warren.

Today the senate voted to confirm Mulvaney’s protege’ Kathy Kraninger to replace him.

Democrats are still going bananas.

WASHINGTON (Reuters) – The U.S. Senate voted 50-49 on Thursday to confirm President Donald Trump’s nominee to lead the U.S. consumer watchdog despite opposition from Democrats and consumer groups who say she is unqualified.

Kathy Kraninger will serve as director of the Consumer Financial Protection Bureau (CFPB), replacing acting chief Mick Mulvaney, after Trump signs a declaration approving her five-year term.

The banking industry and consumer groups will be watching to see whether Kraninger, who is currently a senior official at the White House budget office, will take on Mulvaney’s mantle and continue to aggressively curtail the CFPB’s enforcement and rule-writing agenda.  (read more)

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.