Kathy Kraninger, a top official at OMB and nominee to head the CFPB, likely had a role in setting President Trump's "zero-tolerance" immigration policy, according to former OMB officials.
Sens. Elizabeth Warren and Sherrod Brown sought details on whether an OMB official was involved in the policy of separating children from their parents.
Morgan Stanley CEO, New York Fed chief caution against failing to remember what caused the financial crisis; Wells Fargo may combine its two big wealth management businesses.
The White House announcement of Dino Falaschetti as the choice to run the Office of Financial Research comes amid signs that the administration has attempted to reduce the agency's independence.
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.
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.
