Kathy Kraninger, a White House official, will be the Consumer Financial Protection Bureau's new director. Kraninger will be replacing Mick Mulvaney, who was appointed by President Trump. The senate voted 50-49 to confirm Kraninger.
An associate director for general government at the Office of Management and Budget, Kraninger, 43, held prior jobs at the departments of Homeland Security and Transportation. She will succeed her OMB boss Mick Mulvaney.
I commend the U.S. Senate for confirming Kathy Kraninger as the next director of the Bureau of Consumer Financial Protection. Next week begins a new chapter of service in Kathy's career. The American consumer and our economy's financial sector will benefit from her commitment, expertise, and professionalism. This last year has been an important step in the history of the Bureau as we take our place among the most notable regulatory bodies of our country --and frankly the world. Like all transitions, it was not always as smooth as we would've all liked, but the Bureau has emerged stronger for it. I wish Kathy the best of luck, and I look forward to the next five years of her leadership.
On Thursday, the Senate voted for confirming Kathy Kraninger as the next director of the Consumer Financial Protection Bureau (CFPB). The vote was 50 to 49.
Nearly a week ago, the Senate narrowly advanced her nomination, voting 50 to 49 to send her to the final round of approval.
Kraninger will be replacing Mick Mulvaney, who was appointed by President Trump and has been acting as interim director since 2017.