Politics

Senate Panel Approves Trump’s Nominee For CFPB Director

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The Senate Committee on Banking, Housing, and Urban Affairs approved President Donald Trump’s nominee, Kathy Kraninger, as director of the Consumer Financial Protection Bureau (CFPB) Thursday.

Kraninger was approved by the committee in a 13-12 party-line vote, as Democrats have continued to criticize her for working under Trump’s director of the Office of Management and Budget, Mick Mulvaney. Democrats say she is not prepared to run the agency and that she would run it too much like Mulvaney did.

Senate Banking Committee Chairman Mike Crapo said Thursday that Kraninger had “significant leadership experience at federal agencies and on Capitol Hill.” He said “her depth and diversity of public service experience” gave him “confidence she is well prepared to lead the bureau,” the Los Angeles Times reported.

Democrats’ message was completely different, saying her lack of experience within the bureau would seriously hurt Americans.

“Will Kathy Kraninger stand up against powerful special interests and fight for service members, students and seniors that need a champion? Unfortunately, the answer is no,” Nevada Democratic Sen. Catherine Cortez Masto said Thursday, according to CNBC.

Kraninger’s nomination will now go to the full Senate for a vote.

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