Free-Market Group Calls On Senate To Confirm Kathleen Kraninger To Lead Consumer Bureau
The Washington Times cited CEI’s Policy Analyst Daniel Press on BCFP nominee, Kathleen Kraninger.
A conservative free-enterprise group urged the Senate Wednesday to confirm Kathleen Kraninger as the new head of the federal Bureau of Consumer Financial Protection.
Officials at the Competitive Enterprise Institute said Ms. Kraninger is opposed to the policies of “regulation by enforcement” of the bureau’s first director, Obama appointee Richard Cordray.
“The Bureau of Consumer Financial Protection director is an immensely important position,” said CEI policy analyst Daniel Press. “Not only does the bureau have the authority to regulate nearly every consumer financial product in the economy, but the director has enormous unilateral power in writing and enforcing those rules.”