“Law students currently doing summer clerkships at the CFPB will have more experience with consumer-credit regulation than the nominee to lead the bureau,” noted conservative commenter J.W. Public Citizen challenges Big Pharma, device manufacturers and federal regulators to make drugs and medical devices safe, effective and accessible to all. Public Citizen advocates for ordinary people by taking on corporate interests and their cronies in government. She served as a U.S. Peace Corps Volunteer in Ukraine. Community Financial Services Association of America, called Requests for Information on a dozen issues. Search. We must act quickly to make our economy run on renewable power — and ensure that disadvantaged families and displaced workers share equitably in the new economy. Learn More about the distinction between these two components of Public Citizen. This website is shared by Public Citizen Inc. and Public Citizen Foundation. This leads to another question: of all the candidates without experience in financial issues or consumer protection, why Kraninger? Director Kraninger came to the CFPB from the Office of Management and Budget, where as a Policy Associate Director she oversaw the budgets for executive branch agencies including the Departments of Commerce, Justice, Homeland Security (DHS), Housing and Urban Development, Transportation (DOT), and Treasury, in addition to 30 other government agencies. What caused the financial crisis? Kathy Kraninger? Previously she worked in the U.S. Senate, where she was the Clerk for the Senate Appropriations Subcommittee on Homeland Security, which provides DHS with its $40 billion discretionary budget. The CFPB was created in 2010 to protect consumers from abuse by financial firms, following widespread misconduct leading to the 2008 financial crash. The president named her at the height of this controversy. Mulvaney has savaged the agency during his tenure: he’s terminated enforcement cases; reduced penalties; demoted officers charged with combatting racial discrimination; fired all the advisory board members; and more. Since Kraninger lacks experience in this field, without solid answers to these commonsense queries, proving her commitment will certainly be questionable. The CFPB Director should bring a proven commitment to making financial markets work for American families, and a willingness to stand up to predatory lenders and Wall Street when necessary to protect the public interest. Health care in the U.S. leaves too many people out, costs too much and doesn’t meet acceptable standards of quality. Her work at DHS led to awards including the Secretary of Homeland Security’s Award of Exceptional Service, the International Police and Public Safety 9/11 Medal, and the Meritorious Public Service Award from the United States Coast Guard. From her early days as a Peace Corps volunteer, to her role establishing the Department of Homeland Security, to her policy work at the Office of Management and Budget (OMB) to the CFPB, Director Kraninger has dedicated her career to public service. She served as a U.S. Peace Corps Volunteer in Ukraine. Unlike the rest of Trump’s bank regulators, who at least bring some experience in the field to their positions, Kraninger does not. From her early days as a Peace Corps volunteer, to her role establishing the Department of Homeland Security, to her policy work at the Office of Management and Budget (OMB) to the CFPB, Director Kraninger has dedicated her career to public service.

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