The House Financial Services Committee is standing in support of Kathy Kraninger’s nomination to head the Bureau of Consumer Financial Protection Bureau (CFPB) on Monday.
“The Bureau has an important mission to enforce consumer protection laws and properly designed and led, it is capable of great good,” Committee Chairman Jeb Hensarling (R-TX) said. “We have seen some of that good under the leadership of Acting Director Mulvaney and I have no doubt that will continue under the leadership of Kathy Kraninger. I am especially pleased President Trump nominated an individual with management and budget experience, two qualities desperately needed at an agency which has been plagued with cost overruns and unnecessary spending and does not have a full-time and an independent Inspector General.”
Kraninger currently serves as the associate director for General Government at the Office of Management and Budget, overseeing $250 billion in budgetary resources for seven cabinet departments and thirty other federal agencies, including the Department of the Treasury, Department of Housing and Urban Development and the Bureau of Consumer Financial Protection.
On Tuesday, the CFPB director nominee was asked by Sens. Elizabeth Warren (D-MA), ranking member of the Senate Banking, Housing and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection, and Sherrod Brown (D-OH), ranking member of the Senate Banking, Housing and Urban Affairs Committee, to provide information detailing what role she played in the Trump Administration’s policy to separate children from their families at the United States southern border.
“The American people deserve to know what role you have played in developing and implementing this appalling process,” the lawmakers wrote in a letter to Kraninger.
The senators have asked Kraninger to provide a description of any role played in Office of Management and Budget (OMB) budgetary or policy decisions, analyses or recommendations related to Department of Justice’s Zero-Tolerance policy.