Kathy Kraninger will reform the CFPB and bring consumers relief

Published October 5, 2018 4:00am ET



President Trump’s nomination of Kathy Kraninger to head the Consumer Financial Protection Bureau won’t come anywhere close to the gut-wrenching sensationalism of the Supreme Court nomination process currently consuming Washington. But the battle lines being drawn in Washington are nearly as ominous.

It taxes one’s memory to think of a hotter partisan turf war over an “alphabet soup” agency. This reality is punctuated by the fact that the CFPB, already outside the control of Congress, attempted to sidestep Trump’s executive authority by choosing its own head to succeed former director Richard Cordray when he stepped down. This rogue-agency mentality is at the heart of why the CFPB must be reformed and why Kraninger is the ideal candidate to reform it.

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