This week, the Senate is expected to vote on Trump’s pick to run the Consumer Financial Protection Bureau, Kathy Kraninger. Here are the top three things to know about her nomination:
A CONTINUATION OF MULVANEY: Kathy Kraninger has been working closely under Mulvaney at OMB and followed his lead by recommending a massive budget cut to the CFPB.
Reuters: “The agency’s acting head Mick Mulvaney is also the OMB chief and works closely with Kraninger. He took over at the CFPB from President Barack Obama’s appointee Richard Cordray in November, and the agency has since dropped cases against payday lenders, shelved proposed regulations and overhauled some units.”
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