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).
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)