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DonViejo

(60,536 posts) Sat Jun 16, 2018, 05:22 PM Jun 2018

Trump picks budget official to lead consumer bureau, setting up fight in Congress

Source: Politico

By KATY O'DONNELL 06/16/2018 05:09 PM EDT

President Donald Trump selected Kathy Kraninger, a little-known White House budget official, as the next director of the Consumer Financial Protection Bureau, setting up what is likely to be a bruising battle in Congress over the controversial young agency.

Kraninger works under Mick Mulvaney at the Office of Management and Budget. Her surprise selection to head the CFPB — including an unusual Saturday rollout — would ensure that Mulvaney, whose tumultuous six-month tenure as acting director of the bureau has drawn the ire of consumer advocates and Democrats, continues to have influence over the agency created in the wake of the financial crisis.

Any Trump nominee would have to survive a stormy confirmation process to lead the divisive consumer bureau, which was conceived and set up by Sen. Elizabeth Warren (D-Mass). Republicans have repeatedly tried to defang the watchdog, which they see as a symbol of executive overreach. Democrats see the agency – which is funded by the Federal Reserve and not subject to congressional influence over its budget – as the rare independent bulwark against the reach of big financial firms.

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Read more: https://www.politico.com/story/2018/06/16/trump-consumer-protection-bureau-kathy-kraninger-650388

4 replies

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Highlight:

Trump picks budget official to lead consumer bureau, setting up fight in Congress (Original Post) DonViejo Jun 2018 OP

"Kraninger works under Mick Mulvaney" sandensea Jun 2018 #1

Arighty.................a enabler of hurting people turbinetree Jun 2018 #2

Setting up fight in Congress? Mr.Bill Jun 2018 #3

More Politico RW editorializing PSPS Jun 2018 #4

sandensea

(21,639 posts)

1. "Kraninger works under Mick Mulvaney"

Reply to DonViejo (Original post)

Sat Jun 16, 2018, 05:24 PM

Jun 2018

In other words, she's almost certainly a pseudo-fascist who believes that any public spending on anything other than illegal wars (and corporate subsidies), is a waste of her billionaire owners' money.

turbinetree

(24,703 posts)

2. Arighty.................a enabler of hurting people

Reply to DonViejo (Original post)

Sat Jun 16, 2018, 05:41 PM

Jun 2018

so she was "clerk" under ...................DHS Secretary Kirstjen Nielsen....

so is Kraninger...................who is being nominated by a racist..............so whats is her / your position on loans like what happened at Wells Fargo...........................

November 2018 cannot get here fast enough

Mr.Bill

(24,303 posts)

3. Setting up fight in Congress?

Reply to DonViejo (Original post)

Sat Jun 16, 2018, 05:50 PM

Jun 2018

How so? Every republican in Congress will approve. She could say "Go Fuck Yourself" to every Democrat who questioned her, and the republicans will still vote for her.

PSPS

(13,603 posts)

4. More Politico RW editorializing

Reply to DonViejo (Original post)

Sat Jun 16, 2018, 05:50 PM

Jun 2018

You know a piece you're reading is slanted when you see such phrases as these when describing the CFPB:

"the controversial young agency"
"the divisive consumer bureau"

Of course, they never explain what warrants the use of the adjectives "controversial" and "divisive" because, if they did, the reader would realize that they were reading a RW editorial masquerading as a news story -- the hallmark of politico "reporting."

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