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Spokeswoman Lindsay Walters yesterday said that Kathy Kraninger “will bring a fresh perspective and much-needed management experience” to the Consumer Financial Protection Bureau, which the administration has been trying to rebrand as the Bureau of Consumer Financial Protection.
Trump’s budget chief, Mick Mulvaney, has been filling in as the bureau’s acting director along with running the OMB since late November when his predecessor, Richard Cordray, resigned.
Since then, Mulvaney has steered the bureau in a more industry-friendly direction. In her statement, Walters said the agency had been “plagued by excessive spending, dysfunctional operations, and politicized agendas” in the past and that Kraninger would continue to implement the policies Mulvaney put in place.
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