Skip to main content

Ohio Senator Dubious Over Kraninger, a Former Intern

Jul 12, 2018
Sherrod Brown

When Kathy Kraninger goes looking for Senate support to become the next Director of the Consumer Financial Protection Bureau (CFPB), she may not get the support of a former employer: Sen. Sherrod Brown (D-OH).
The White House announced Saturday night that Kathy Kraninger, Associate Director of the Office of Management and Budget (OMB), will be nominated to be the next Director of the Consumer Financial Protection Bureau (CFPB)
According to a report, Kraninger was an intern in Brown’s office when he was a member of the House of Representatives and she was a college student at Marquette University. Brown stated that he did not know Kraninger well during her internship, and seemed unenthusiastic over her nomination after a meeting with her at his Senate office.
"She expressed not much interest in this interview in strengthening this Bureau, which has literally saved ‘billions and billions of dollars’ for thousands of people,” said Brown, who is the ranking member of the Senate Banking Committee. Although he stated that he "always welcomes Ohioans in public service," he added Kraninger has "no experience in government jobs of ever fighting for consumers."
He also noted that Kraninger declined to answer questions regarding what role she may have played in creating the Trump Administration policy of separation of illegal immigrant families from their parents and lacked “empathy” regarding the children in federal custody.
"She is a product of this Administration," said Sen. Brown. "I wasn't surprised. It starts at the top."
Still, Brown did not rule out potential support of Kraninger, who has a confirmation hearing on July 19 before the Senate Banking Committee.
"Maybe it will show more empathy for victims of Administration policies," said Sen. Brown.

About the author
Jul 12, 2018
Industry Input Sought On Proposed Increases To Mortgage Licensing Fees

Conference of State Bank Supervisors seeking public comment on proposed increases

Building A Digital Bridge Between Separate Revenue Streams

Menu cloud-based technology capitalizes on the entire borrowing cycle

Economists Less Confident Rates Will Drop Following Fed Decision

After sixth consecutive month with no change, the likelihood of cuts in 2024 feels "more out of reach."

FHFA Final Rule Released

Rule codifies equitable housing programs, GSE Plans

FDIC Announces Closure Of Republic First Bank

The Philadelphia-based lender's 32 branches will now be served by Fulton Bank

Mortgage Servicers Added To Junk-Fee Naughty List

New release from CFPB lays out areas of improvement, and concern, for mortgage servicers.