Senate Committee Narrowly Confirms Kathy Kraninger To Head CFPB

[appalachiablue]

Source: LA Times

By Jim Puzzanghera, Aug 23, 2018, 7:20 AM.

Kathy Kraninger is a step closer to becoming the nation’s top consumer financial watchdog: A Senate committee on Thursday narrowly approved the White House aide's nomination to lead the Consumer Financial Protection Bureau despite strenuous objections from Democrats that she’s not qualified for the job.

Opponents of President Trump’s nominee to head the Consumer Financial Protection Bureau said that she has no experience in consumer protection, financial regulation or the banking industry and questioned her involvement overseeing the budgets of agencies that developed and implemented the child-separation policy at the border and the response to Hurricane Maria in Puerto Rico.

Democrats complained that Kraninger would not detail her role in those policies during her confirmation hearing or in written questions. “She is refusing to describe her role in two very public management failures because she knows it would destroy her case for her nomination,” Sen. Elizabeth Warren (D-Mass.) said.

But Republicans brushed off those concerns. All 13 of them voted to confirm Kraninger on Thursday, while all 12 Democrats opposed her nomination. Senate Banking Committee Chairman Mike Crapo (R-Idaho) said Thursday that she had “significant leadership experience at federal agencies and on Capitol Hill.” He said her “her depth and diversity of public service experience” gave him “confidence she is well prepared to lead the bureau.”...More...




Read more: http://www.latimes.com/business/la-fi-cfpb-kraninger-vote-20180823-story.html

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Kraninger has worked for Mulvaney at the OMB since March 2017 and is expected to continue his approach if confirmed as director by the full Senate. Republicans are eager to see the bureau’s authority reduced. “Personally, I think Ms. Kraninger will do a good job of trying to rein in … an agency that needs to be reined in,” said Sen. Mike Rounds (R-S.D.).

Since opening in 2011, the bureau has helped consumers obtain about $12 billion in refunds and debt relief from financial institutions. It also played a key role in penalizing Wells Fargo & Co. for its creation of unauthorized accounts.
During her July confirmation hearing, Kraninger pledged to uphold Congress’ mandate that the bureau ensure that all consumers have access to financial products and services that are “fair, transparent and competitive.”

*MORE, "Architect of Trump’s Family Separation Crisis May Soon Lead Consumer Financial Protection Bureau," Kathy Kraninger has already admitted she is unqualified for the role, Think Progress, Aug. 20, 2018.
https://thinkprogress.org/kathy-kraninger-cfpb-omb-family-separation-agency-chief-trump-immigration-704c5eaf3a26/

[appalachiablue]

1. Unqualified, uncooperative, unfit. Think Progress:

"Kathy Kraninger, currently the associate director for general government programs at the Office of Management and Budget (OMB), has no background in financial regulation or consumer protection.
However, in Trump administration fashion, she is the nominee to run the Consumer Financial Protection Bureau (CFPB), a position she herself has admitted she is unqualified to hold, and one she may be granted regardless, if the Senate Committee on Banking, Housing, and Urban Affairs votes to confirm her on Thursday.

During a hearing with the committee in July, Kraninger deftly avoided answering any questions related to what she had accomplished at OMB, and was unable to say what her day-to-day operations might be if installed as CFPB head.
“I am trying to get an answer from you, and I just can’t. And this is maddening,” Sen. Brian Schatz (D-HI) said at one point during the three-hour long hearing.
>Her lack of qualifications aside, Senate Democrats are also concerned about the role Kraninger played in the Trump administration’s “zero-tolerance” immigration policy, which led to the separation of nearly 3,000 families at the U.S. southern border earlier this summer." More, https://thinkprogress.org/kathy-kraninger-cfpb-omb-family-separation-agency-chief-trump-immigration-704c5eaf3a26/

[Hortensis]

2. This horrible person is involved in the family separation atrocities.

Link to tweet

While it’s unclear to what extent Kraninger knew of the family separation policy before it was implemented, Seth Grossman, a former deputy general counsel and counselor to the secretary at DHS, told Vox in June that a person in Kraninger’s position, “in a typical administration…would be aware and likely involved” in any big multi-departmental policy changes.

What is known is that Kraninger communicated with officials from Immigration and Customs Enforcement (ICE) in the days leading up to the zero-tolerance policy announcement in April. Public records also show Kraninger’s assistant, Alexandra Marten, met with an executive from GEO Group, a private prison company that operates a collection of ICE-contracted detention facilities, many of which housed immigrant parents separated from their children at the border. Several of those facilities have dark histories abuse, sexual violence, neglect, and mismanagement.

[appalachiablue]

3. For sure, shocking. Her background's also in the Think Progress article

I posted, just unbelievable. No wonder Eliz. Warren is livid, the bureau is her creation..

[Fred Sanders]

4. How long until her white supremacist writings or comments are unearthed? Trump demands

that for every appointee.

[bluestarone]

5. If she knows NOTHING and is DUMB AS A ROCK

She qualifies for RUMPS team!!!!!!!!!!!!!!

[rurallib]

7. Looks are all that counts and she looks like she ought to be in charge of something

in Trumpty-Dumpty's eyes.

[pangaia]

6. Watch the video of Liz wiping the floor with this lying racist piece of shit.

I wouldn't have had Liz's patience. I just might have walked up to the blond bag of stink and punched her in her lipless face.



Now I feel better.

[rurallib]

8. great video - deserves a thread of its own