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Also see: Consumer Financial Protection Bureau; Mick Mulvaney;
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Undated: Kathleen Laura Kraninger (born December 28, 1974) is an American government official serving as Director of the Consumer Financial Protection Bureau since December 6, 2018.[1] She previously worked in the White House Office of Management and Budget in the Trump administration.[2][3][4][5]
She is a graduate of Marquette University, where she studied history and political science and earned her certification to teach high school social studies. After graduation from college, she taught as a Peace Corps volunteer in Ukraine, which redirected her professional career to government services. She has served since then in various US government offices.[6][7][8]
https://en.wikipedia.org/wiki/Kathy_Kraninger
-- 2018 --
June 18: President Trump on Monday formally nominated White House budget official Kathy Kraninger to be director of the Consumer Financial Protection Bureau (CFPB).
Kraninger, an associate director of the White House Office of Management and Budget (OMB), would take control of a controversial agency created by the Dodd-Frank Act to police the financial sector.
https://thehill.com/policy/finance/392823-trump-nominates-budget-official-kraninger-to-lead-consumer-bureau
July 18: Consumer Bureau Nominee Could Face ‘Bumpy Ride’ Over Lack of Experience
https://www.nytimes.com/2018/07/18/us/politics/consumer-bureau-kathleen-kraninger.html
August 28: Architect of Trump’s family separation crisis may soon lead Consumer Financial Protection Bureau
Kathy Kraninger has already admitted she is unqualified for the role.
Her lack of qualifications aside, Senate Democrats are also concerned about the role Kraninger played in the Trump administration’s “zero-tolerance” immigration policy, which led to the separation of nearly 3,000 families at the U.S. southern border earlier this summer.
At OMB, The Intercept notes, Kraninger oversees a $250 million budget across multiple cabinets, including the Department of Homeland Security (DHS) and the Department of Justice (DOJ). Associate directors at OMB also play a key role in policy development and coordination between departments.
While it’s unclear to what extent Kraninger knew of the family separation policy before it was implemented, Seth Grossman, a former deputy general counsel and counselor to the secretary at DHS, told Vox in June that a person in Kraninger’s position, “in a typical administration…would be aware and likely involved” in any big multi-departmental policy changes.
What is known is that Kraninger communicated with officials from Immigration and Customs Enforcement (ICE) in the days leading up to the zero-tolerance policy announcement in April. Public records also show Kraninger’s assistant, Alexandra Marten, met with an executive from GEO Group, a private prison company that operates a collection of ICE-contracted detention facilities, many of which housed immigrant parents separated from their children at the border. Several of those facilities have dark histories abuse, sexual violence, neglect, and mismanagement.
https://thinkprogress.org/kathy-kraninger-cfpb-omb-family-separation-agency-chief-trump-immigration-704c5eaf3a26/
November 13: Housing industry pushes Senate to confirm Kathy Kraninger as next CFPB director
“Our organizations believe Ms. Kraninger has the ability to lead and manage a large government agency, like the Bureau, which is tasked to ensure consumers’ financial interests are protected,” the groups continue. “We believe she will also fulfill the equally important role of ensuring businesses have the necessary compliance support to further those interests.”
“Ms. Kraninger’s previous positions in government demonstrate her approach to managing an agency that has significant impact on the daily lives of Americans and the entire U.S. economy,” the groups write. “Her background in government service with the Office of Management and Budget, Department of Homeland Security, and the Senate Appropriations Committee, gives her a strong understanding of the role of government and the need for increased transparency at the Bureau.”
The groups write that they believe the CFPB: “must improve its examination, enforcement, rulemaking and guidance processes to assist with regulatory compliance and bring certainty in the marketplace.”
https://www.housingwire.com/articles/47394-housing-industry-pushes-senate-to-confirm-kathy-kraninger-as-next-cfpb-director
November 28: Later this week, Kathy Kraninger’s nomination to lead the Consumer Financial Protection Bureau (CFPB) will come to the full lame-duck Senate for a confirmation vote despite her lack of consumer protection experience and her unwillingness to provide answers to important questions or documents that could shed light on her record.
During her Senate Banking Committee confirmation hearing in August, Kraninger refused to answer basic questions about her current duties at the Office of Management and Budget (OMB) and the role she played in the Trump administration’s family separation immigration policy or its disastrous response to Hurricane Maria in Puerto Rico.
In addition to her failure to answer important questions or produce relevant documents, Kraninger has been unclear about what she will do as CFPB director other than continuing Mick Mulvaney’s legacy of undermining consumer protections.
https://alliedprogress.org/news/eight-simple-questions-cfpb-nominee-kathy-kraninger-yet-answer/
December 4: ‘Unqualified’ and ‘dangerous’ Trump appointee set to take over consumer agency
Kraninger would replace White House budget chief Mick Mulvaney, who has been leading the Consumer Financial Protection Bureau on an interim basis and fulfilling President Trump’s pledge to make the agency friendlier to the businesses it was intended to crack down on — banks, payday lenders and others.
https://www.latimes.com/business/lazarus/la-fi-lazarus-kathy-kraninger-cfpb-20181204-story.html
December 6: Kathleen Kraninger was narrowly confirmed by the Senate to head the Consumer Financial Protection Bureau Thursday, putting an end to an ongoing debate about the leadership of the agency.
Kraninger, who served as the director for general government programs at the Office of Management and Budget, was confirmed by a 50-49 vote down party lines. Her critics fear her confirmation will lead to further unraveling of the bureau's power that began under current acting director Mick Mulvaney.
"Unfortunately Kathy Kraninger has no consumer protection or financial regulation experience so we are expecting her to simply follow Mick Mulvaney’s playbook," said Mike Litt, the consumer campaign director of US PIRG, a consumer financial watchdog group. "He has tried to defang and defund the bureau so future directors can't carry out its mission."
Mulvaney was serving simultaneously as the acting director of the Consumer Financial Protection Bureau and as the director of Office of Management and Budget since he was tapped for the position in a controversial move by President Donald Trump last year. Mulvaney had previously been a vocal opponent of the bureau's work.
While at the bureau's helm, Mulvaney has rolled back much of the bureau's power. He has dismissed a 25-person advisory board designed to monitor the agency, dropped several ongoing cases that were being brought by the enforcement arm under the former director and has suggested changes to the leadership and funding structures of the agency.
Litt said his group expects Kraninger will only continue to further deregulate the agency.
https://abcnews.go.com/Politics/kathleen-kraninger-confirmed-head-consumer-financial-protection-bureau/story?id=59662127
December 14: Kathy Kraninger is the CFPB’s new director. Here’s what you should know.
Kraninger, a White House official nominated by President Trump to head the CFPB, will serve a five-year term and replace Mick Mulvaney, who’s been acting director of the agency since last November.
In recent months, the agency has been in some turmoil, with several senior staff members leaving their posts. And while having a newly confirmed director brings some stability back to the CFPB, other questions remain. Chief among them is whether Kraninger will continue what many believe has been a trend of weaker financial oversight under Mulvaney’s leadership — or whether she’ll carve her own regulatory path.
https://www.creditkarma.com/insights/i/kathy-kraninger-new-cfpb-director-what-you-should-know/
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