Kathy Kraninger, an associate director at the Office of Management and Budget, has been picked by President Donald Trump to serve as director of the Consumer Financial Protection Bureau, Bloomberg reported Sunday.
Lindsey Walters, a spokeswoman for the White House, said in a statement Kraninger is “a staunch supporter of free enterprise†whose management experience would help advance reforms initiated by OMB Director Mick Mulvaney, who has led CFPB since November 2017 on a part-time basis.
Kraninger will succeed Mulvaney as the consumer watchdog’s permanent head once confirmed by the Senate.
She has managed budget matters for financial regulators since joining OMB in 2017 and previously served as a staff member of the Senate Appropriations Committee and an official at the Department of Homeland Security prior to OMB.
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