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White House nominates successor for Mulvaney at CFPB

Joe Mont | June 18, 2018

With acting director Mick Mulvaney’s tenure at the Consumer Financial Protection Bureau scheduled to end, by statute, on June 22, the White House this weekend nominated Kathy Kraninger, his subordinate at the Office and Budget Management, to take over. Mulvaney also serves as OMB director.

Kraninger, 43, previously worked for the Department of Homeland Security and for the Senate Appropriations Committee’s Homeland Security Subcommittee. A native of Pittsburgh, she is a graduate of Marquette University and Georgetown Law School.

“She will bring a fresh perspective and much-needed management experience to the BCFP, which has been plagued by excessive spending, dysfunctional operations, and politicized agendas,” the White House said in a statement. “As a staunch supporter of free enterprise, she will continue the reforms of the Bureau initiated by acting director Mick Mulvaney, and ensure that consumers and markets are not harmed by fraudulent actors.” 

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