Posted: Sep 10, 2018 1:06 PM Share Tweet
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After her nomination initially faced stalling and obfuscation, Kathy Kraninger is rightly poised to be confirmed as the next Director of the Consumer Financial Protection Bureau. She was approved by the Senate Banking Committee several days ago, and now she faces full Senate consideration and approval to become Mick Mulvaney’s replacement at the CFPB. The vote to confirm Kraninger will most likely come sometime before the end of the year, and it cannot come soon enough.
Bitter critics of Kraninger, such as Massachusetts Senator Elizabeth Warren (D), still want to scuttle her nomination in the full Senate, which is not surprising coming from the CFPB’s original mastermind. But Kraninger finally has a real shot at leading the agency – she has the support of the CFPB’s acting director Mick Mulvaney, as well as conservative Republicans who see her as a worthy successor. I’m sure Mulvaney will be glad to get back to only having one job as head of the Office of Management and Budget, and key GOP influencers such as Senators Pat Toomey and Mike Rounds agree.