June 16, 2018 / 10:03 PM / 5 months ago

OMB's Kraninger picked to head U.S. CFPB -White House

WASHINGTON, June 16 (Reuters) - Kathy Kraninger, an official from the White House Office of Management and Budget, is President Donald Trump’s pick for permanent director of the Consumer Financial Protection Bureau (CFPB), a White House official said on Saturday.

Kraninger would succeed her boss, the interim head of the CFPB Mick Mulvaney, if the decision is approved by the senate.

“She will bring a fresh perspective and much-needed management experience to the BCFP, which has been plagued by excessive spending, dysfunctional operations, and politicized agendas,” White House Deputy Press Secretary Lindsay Walters said in a statement.

Trump appointed Mulvaney as temporary head of the CFPB in November to replace Richard Cordray, an appointee of President Barack Obama. (Reporting by Jeff Mason and Mike Stone in Washington, DC; Editing by David Gregorio)

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