06.20.18

McConnell Meets With Kathy Kraninger

‘Ms. Kraninger’s resume and reputation suggest she’s well-suited to continue on the course Acting Director Mulvaney has charted toward transparency, accountability, and effectiveness within proper limits.’

WASHINGTON, D.C. – U.S. Senate Majority Leader Mitch McConnell (R-KY) released the following statement after meeting with the president’s nominee for director of the Bureau of Consumer Financial Protection, Kathy Kraninger:

“This afternoon, I met with Kathy Kraninger, President Trump’s nominee to direct the Bureau of Consumer Financial Protection.

“This institution can play an important role in helping consumer finance markets function well by enforcing the law and addressing unnecessary or outdated regulations. But unfortunately, significant flaws in the structure of this agency were only exacerbated by failed leadership during the Obama administration.

“Ms. Kraninger’s resume and reputation suggest she’s well-suited to continue on the course Acting Director Mulvaney has charted toward transparency, accountability, and effectiveness within proper limits. Those who’ve worked with Ms. Kraninger in the executive branch, here on Capitol Hill, or most recently at the Office of Management and Budget praise her expertise, leadership, and approach to public service. I look forward to supporting her nomination.”

Background: The Senate will consider this nomination in a timely manner. Additional details regarding her confirmation hearing will be forthcoming from the Senate Banking Committee.

Related Issues: Regulations, Nominations