Kathy Kraninger, director of the Consumer Financial Protection Bureau Kathy Kraninger, director of the Consumer Financial Protection Bureau (CFPB). Photographer: Andrew Harrer/Bloomberg

CFPB Director Kathy Kraninger is abandoning the agency’s defense of its structure and now said her position is unconstitutional.

In letters to House and Senate leaders, as well as a brief asking for a U.S. Supreme Court review of the agency’s structure, Kraninger contended that the CFPB’s director should be permitted to be removed by the president for any reason.

David Baumann

 

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