President Trump has yet to formally name Kathy Kraninger as his choice to head the Consumer Financial Protection Bureau, but her nomination is already in trouble. That may be just fine with the White House.
Little-known Office for Management and Budget official Kathy Kraninger would succeed acting director Mick Mulvaney, her OMB boss; Wells Fargo still faces the big chill from several big cities and states.
The central bank's rule-writing workload is expected to remain busy for the foreseeable future, thanks in large part to enactment of the recent regulatory relief bill.
President Donald Trump has chosen Kathy Kraninger, a little-known White House budget aide, as director of the Consumer Financial Protection Bureau, an administration official said.
Kathy Kraninger, an obscure official at the Office of Management and Budget, is President Trump's leading candidate to become director of CFPB, according to sources.
