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Dec 6, 2018

Weekly Primer: Mulvaney’s Protégé Leads CFPB, Fossil Fuel Advocate Becomes Energy Regulator

White House Budget Chief Mick Mulvaney’s protégé was confirmed by a 50-49 Senate vote Thursday to lead the Consumer Financial Protection Bureau — despite her lack of any experience in financial regulation. Kathy Kraninger’s background is mostly in homeland security, and, in addition to opposing the direction in which Mulvaney has taken the CFPB, Democrats objected to Kraninger’s role as a White House Budget Office official working on the administration’s bungled Hurricane Maria response in Puerto Rico and its family separation policy. As Kraninger was moving through the Senate confirmation process, the Washington Post investigated just how Mulvaney’s tenure as the part-time acting chief of the CFPB had gutted the agency. The paper reported that Mulvaney and aides “have constrained the agency from within, achieving what conservatives on Capitol Hill had for years been unable to do.” Mulvaney brought a wave of staffers along with him, many with a “common profile,” the Post reports: They had “worked for the financial…

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