Statement by Mike Litt, U.S. PIRG Consumer Campaign Director, on reports about President Trump likely nominating Kathy Kraninger for director of the Consumer Financial Protection Bureau.
“The American people need a director of the Consumer Financial Protection Bureau with a track record of looking out for consumers in the financial marketplace. Kathy Kraninger appears to lack that on her resume.
Also troubling are acting director Mick Mulvaney’s attempts to defang and defund the bureau, which would prevent future directors from carrying out its mission. Acting director Mick Mulvaney should stop trying to curb the ability of future directors to do their jobs before a permanent director is confirmed by the Senate.”
U.S. PIRG is the federation of state Public Interest Research Groups. PIRGs are non-profit, non-partisan public interest advocacy organizations that stand up to powerful interests whenever they threaten our health and safety, our financial security, or our right to fully participate in our democratic society. On the web at www.uspirg.org.