Kraninger’s CFPB Nomination Clears First Procedural Hurdle
The Senate is likely to vote on the nomination next week.
The nomination of Kathleen Kraninger to head the CFPB narrowly cleared its first procedural hurdle on the Senate floor Thursday afternoon.
The Senate invoked cloture on the nomination, 50-49. That limits debate on Kraninger to no more than 30 hours.
The Senate is likely to vote on the nomination next week.
If confirmed, Kraninger, an associate director at the Office of Management and Budget, would replace Acting Director Mick Mulvaney, who directs OMB.
The Kraninger nomination has been particularly divisive in the Senate. The Senate Banking Committee approved her nomination by just one vote, 13-12. Democrats have vehemently opposed President Trump’s choice, contending that she will follow Mulvaney’s policies at the bureau.
The Democrats have charged that Mulvaney has essentially dismantled the agency—initiating few enforcement actions and proposing the roll back rules that were adopted by his predecessor, Richard Cordray.
Credit union trade groups have supported Kraninger but continue to argue that the CFPB should be governed by a commission, rather than a single director.