Senate Confirms Kathy Kraninger As CFPB Director
The White House official has been confirmed as the Consumer Financial Protection Bureau's new chief over objections by critics who highlighted her lack of experience in consumer protection.
Updated at 3:31 p.m. ET
Kathy Kraninger, a White House official, has been confirmed as the Consumer Financial Protection Bureau's new director over objections by critics who highlighted her lack of experience in consumer protection.
The Senate voted 50-49 Thursday to back Kraninger as head of the consumer protection watchdog agency. She has worked for the Office of Management and Budget since March 2017.
She will succeed her OMB boss Mick Mulvaney, who has been the CFPB's acting director, for a five-year term. An associate director for general government at the OMB, Kraninger, 43, held prior
