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Kraninger Attempting to Keep Imprint on CFPB Even if She Is Fired

The CFPB makes a major policy move this week in finalizing its new "Advisory Opinions Policy" plan.

Entrance to the CFPB headquarters. Entrance to the CFPB headquarters. (Source: Shutterstock)

For someone who might be out of a job soon, CFPB Director Kathleen Kraninger has been extremely busy during the past week, appointing five members of her executive team and releasing a new advisory opinion policy — moves that an advocate said may undermine the agency’s mission in a new administration.

“Kathy Kraninger is a dedicated, even if amiable, opponent of the CFPB’s mission,” Jeff Hauser, executive director of the Revolving Door Project, which monitors presidential transitions, said. “These last second decisions will require significant scrutiny by her successor on January 20th, 2021 — and Kraninger’s termination and that scrutiny should not begin even a day later than Inauguration.”

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David Baumann

 

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