Economy

Trump picks budget aide to replace Mulvaney as CFPB head

By Joseph Lawler
Published June 16, 2018 10:30pm ET
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Trump picks budget aide to replace Mulvaney as CFPB head
FILE - In this Tuesday, Feb. 13, 2018, file photo, budget director Mick Mulvaney testifies before the Senate Budget Committee on Capitol Hill in Washington, on President Donald Trump's fiscal year 2019 budget proposal. Documents obtained by The Associated Press show that Mulvaney, Trump's appointee to oversee the Consumer Financial Protection Bureau, has given big pay raises to the deputies he hired to help him run the bureau. | AP Photo/Susan Walsh, File

President Trump will nominate budget aide Kathy Kraninger to be the director of the Consumer Financial Protection Bureau, a White House official said Saturday.

If confirmed, she will replace Mick Mulvaney, Trump’s budget director who has been running the watchdog agency on an acting basis.

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CFPB Finance Nominations