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Mulvaney aims to cement CFPB legacy by ensuring successor's confirmation | TheHill

posted onJune 24, 2018
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Article snippet: Consumer Financial Protection Bureau (CFPB) acting Director MORE is going to bat for his potential successor, and in doing so he's poised to extend his influence at the watchdog agency. Mulvaney, who doubles as head of the White House Office of Management and Budget (OMB), has emerged as a key proponent of Kathy Kraninger, MORE’s pick to be the CFPB’s full-time director, despite his previous reluctance to influence the selection process. Trump’s decision to nominate Kraninger, an associate director at the OMB, surprised lawmakers and industry advocates who were expecting the president to go with a bigger-name nominee. As a result, Mulvaney has sought to quell concerns about Kraninger’s credentials to lead the 7-year-old agency. He’s called key Republican senators this week to tout Kraninger’s experience, and he issued a glowing statement in support of her Senate confirmation. Congressional Republicans have praised Mulvaney's efforts to rein in the CFPB’s regulatory actions and are expected to support Kraninger, who they see as building on Mulvaney’s legacy. That, in turn, has raised concerns among Democratic lawmakers and other White House critics who say her nomination is an attempt to extend Mulvaney’s influence over the CFPB. Liberals are broadly opposed to Kraninger’s nomination, but the question of how much she’d follow in Mulvaney’s footsteps is the primary concern among moderate Democrats who’ve crossed party lines to support other Trump nominees. “I don'... Link to the full article to read more

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