Trump's pick for consumer agency, 'has no qualifications for this job'

[left-of-center2012]

Now that White House aide Kathy Kraninger has received the blessing of the Senate Banking Committee’s Republican majority to become the nation’s top consumer financial watchdog, it’s worth highlighting who’s in her corner and who isn’t.

Kraninger is supported, of course, by President Trump, who nominated her for the job. She’s also backed by her boss, White House budget chief Mick Mulvaney, who currently serves as the CFPB’s acting director. “I have never worked with a more qualified individual than Kathy,” Mulvaney said in a statement. He cited her “sharp-as-a-tack intelligence and simple, old-fashioned, Midwestern humility.”

Opposing Kraninger is, well, pretty much everyone who takes consumer protection seriously.

“Ms. Kraninger doesn’t have one iota of the necessary experience, and it’s unclear whether she even has the will to carry out this job,” said Christine Hines, legislative director of the National Assn. of Consumer Advocates.

http://www.latimes.com/business/lazarus/la-fi-lazarus-kraninger-cfpb-senate-approval-20180823-story.html

[Meadowoak]

1. Can't be any worse than Alan Greenspan.