Trump to nominate OMB official to lead consumer watchdog
Team Udayavani, Jun 17, 2018, 11:06 AM IST
Washington: President Donald Trump intends to nominate an associate director at the Office of Management and Budget to lead the government’s consumer watchdog agency, the White House has announced.
Spokeswoman Lindsay Walters yesterday said that Kathy Kraninger “will bring a fresh perspective and much-needed management experience” to the Consumer Financial Protection Bureau, which the administration has been trying to rebrand as the Bureau of Consumer Financial Protection.
Trump’s budget chief, Mick Mulvaney, has been filling in as the bureau’s acting director along with running the OMB since late November when his predecessor, Richard Cordray, resigned.
Since then, Mulvaney has steered the bureau in a more industry-friendly direction. In her statement, Walters said the agency had been “plagued by excessive spending, dysfunctional operations, and politicized agendas” in the past and that Kraninger would continue to implement the policies Mulvaney put in place.
The Senate must confirm her nomination. The Consumer Financial Protection Bureau was established after the 2008 financial crisis to ensure customers were not being exploited and that banks were complying with consumer protection laws.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Indian consulate in Canada cancels consular camps due over security issues
Hindu temple in Brampton suspends priest for spreading ‘violent rhetoric’
President Xi congratulates Trump; says China, US should find ‘right way’ to manage differences
Harris, Trump agree on importance of unifying country as they speak over phone
Under extraordinary circumstances Harris stepped up, led historic campaign: Biden
MUST WATCH
Latest Additions
Felling of trees: What is being done to restore Delhi Ridge? SC asks DDA
Kinnigoli: Truck carrying red stone collides with Auto-Rickshaw; driver injured
UP govt to install 150,000 toilets for Maha Kumbh, set up paying guest facilities
Kavoor Police arrest two notorious cattle thieves
Udupi: Unidentified body found near Bailkere’s Vidhyodaya School
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.