Politics and Kraninger’s Nomination

Is Kraninger's nomination really a ploy to extend Mulvaney's leadership of the Bureau? That's an issue discussed in Roll Call's article, Despite New CFPB Nominee, Mulvaney Could Be Around a Long Time.  Excerpt:

“I think there’s a strategy here that is steeped in the lore of federal appointments,” said Morrison & Foerster attorney Oliver Ireland.

“It’s a little unusual to see a new name come in at this stage of the game,” Ireland said of the little-known Kraninger. “It could be that this is a play to keep Mulvaney in there longer.”

Ed Groshans, managing director for the financial securities group at Height Capital Markets, sees Kraninger’s nomination as practically an announcement that Mulvaney could be at the bureau not just through the end of this year, but through the end of 2019.

The nomination of the unknown Kraninger appears to be a ploy, he said. 

Meanwhile, American Banker's Kate Berry, in an article titled Dems suggest CFPB nominee had role in ‘zero-tolerance’ border policy, reports:

Opposition to the White House pick to run Consumer Financial Protection Bureau escalated Tuesday when Democratic senators suggested the nominee may have been involved in the policy of separating children from their parents at the U.S. border.

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"Kathy Kraninger helps oversee the agencies that are ripping kids from their parents. Now @realDonaldTrump wants her to run the @CFPB. I will put a hold on her nomination – & fight it at every step – until she turns over all documents about her role in this," Warren said in the tweet.


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