Kraninger Nomination Gets Endorsements, even as Sen. Warren Places a Hold

Jun 20, 2018 | News

In a column yesterday, the Wall Street Journal Editorial Board made the case that President Trump’s CFPB nominee Kathy Kraninger, announced over the weekend, has the qualifications necessary to lead the Bureau and should be quickly confirmed by the Senate.

This comes even as Senator Elizabeth Warren (D-Mass.), who spearheaded the creation of the agency, has placed a hold on Kraninger’s nomination until she turns over documents about her role at the Office of Management and Budget (OMB) overseeing the Justice and Homeland Security Departments, especially as they pertain to the ongoing child separation issues at the U.S.-Mexico border.

The Wall Street Journal writes that Kraninger “has more than enough of the experience that matters at the CFPB – in how bureaucracies work.”

“[Acting Director Mick] Mulvaney has built reform momentum that Ms. Kraninger could continue,” the Editorial Board continues. “She’d inherit policy advisors who chronicled the agency’s bad behavior when they worked for House Financial Services Chairman Jeb Hensarling. Her task would be to steer the bureau to perform its original function of aiding consumers rather than abetting trial-lawyer raids on law-abiding businesses as it did under former director Richard Cordray.”

The Journal also urges Senate Republicans “to move on Ms. Kraninger with dispatch,” noting that if Democrats retake Congress’ upper chamber in November, they are unlikely to confirm any Trump nominee for the job.

According to Politico’s Morning Money, the White House is not worried about Sen. Warren’s hold, because they expected one and anticipated that Republicans would have to invoke cloture to get a final vote. The White House also expects all 51 Republican Senators to support its nominee.

Kraninger’s nomination also received support from Heritage Action, the Heritage Foundation’s political arm, describing her as a “pro-growth candidate” in a tweet, further stating “No doubt she will continue to clean up the mess of the Bureau and restore accountability.”

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