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U.S. Consumer Financial Protection Bureau

Trump to nominate OMB official to lead consumer watchdog

President Donald Trump intends to nominate an associate director at the Office of Management and Budget to lead the government's consumer watchdog agency, the White House announced Saturday.

In a statement announcing the decision, spokeswoman Lindsay Walters said Kathy Kraninger "will bring a fresh perspective and much-needed management experience" to the Consumer Financial Protection Bureau, which the administration has been trying to rebrand as the Bureau of Consumer Financial Protection.

Trump's budget chief, Mick Mulvaney, has been filling in as the bureau's acting director along with running the OMB since late November when his predecessor, Richard...

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