New CFPB Director Kathy Kraninger says she won’t be a puppet of Mick Mulvaney

On her first full day leading the Consumer Financial Protection Bureau, Kathy Kraninger said she won’t be a puppet of Mick Mulvaney, the controversial acting director whom she replaced in the powerful regulatory position.

To underscore that point, the former White House aide said she would even reconsider a Mulvaney action that critics saw as a gratuitous jab at Democrats who championed the agency’s creation: changing its name to the Bureau of Consumer Financial Protection.

Kraninger’s declaration during a meeting with reporters Tuesday addressed one of the main criticisms of her selection. She is considered a protege of Mulvaney, her boss at the White House Office of Management and Budget who has executed a dramatic, industry-friendly shift at the watchdog agency.


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