Trump Favors Little-Known Official to Be Next CFPB Chief
- Kathy Kraninger is leading candidate to be permanent director
- White House is expected to announce the nomination next week
U.S. President Donald Trump
Photographer: Yuri Gripas/BloombergThis article is for subscribers only.
A little-known Office of Management and Budget official is President Donald Trump’s leading candidate to become permanent director of the Consumer Financial Protection Bureau, according to four people with knowledge of the matter.
If approved by the Senate, Kathy Kraninger would succeed her boss, White House Budget Director Mick Mulvaney, who has been leading the bureau part time since November. The confirmation process could take months and Mulvaney has said he expects to be at the bureau until the end of the year.