Politics

Open thread for night time owls: CFPB now headed by somebody no person had heard of 'til she was nominated

Emily Stewart at Vox writes—The Senate simply confirmed a director for CFPB who has no background in shopper points:

The US Senate voted to verify Kathy Kraninger as the subsequent head of the Client Monetary Safety Bureau (CFPB), the federal authorities’s high shopper watchdog. If you happen to haven’t heard of her, don’t fear — earlier than she was tapped to go the company, neither had just about anybody else.

Kraninger, who was confirmed by a 50-49 vote, served as affiliate director for basic authorities packages on the Workplace of Administration and Funds (OMB), overseeing a $250 billion price range throughout seven Cupboard departments, together with the Division of Homeland Safety and the Division of Justice.

She is going to take everlasting cost over the CFPB and exchange Mick Mulvaney, who grew to become interim director of the bureau after Richard Cordray, its first director, stepped down in November 2017. Mulvaney, who can also be head of the OMB, has been a controversial determine on the helm of the CFPB; critics say he’s sought to undermine its mission and reduce its enforcement and oversight efforts. […]

“It isn’t Ms. Kraninger’s administration expertise that bought her a large promotion, it’s her enthusiasm for Mick Mulvaney’s anti-consumerism agenda that earned her this reward from President Trump,” Warren stated on the Senate flooring final week.

TOP COMMENTS • HIGH IMPACT STORIES

QUOTATION

“Emergencies have at all times been essential to progress. It was darkness which produced the lamp. It was fog that produced the compass. It was starvation that drove us to exploration. And it took a melancholy to show us the actual worth of a job.”
              ~~Victor Hugo

TWEET OF THE DAY

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I didn’t serve abroad within the Marines to return dwelling to NC and watch a prison, bankrolled by my opponent, take away people’s very proper to vote. Right now I withdraw my concession and name on Mark Harris to finish his silence and inform us precisely what he knew, and when. pic.twitter.com/2hcT00DVhQ

— Dan McCready for NC (@McCreadyForNC) December 6, 2018

BLAST FROM THE PAST

On this date at Every day Kos in 2008—Obama: Greatest public works funding since Eisenhower deliberate:

On this morning’s weekly handle, President-Elect Obama promised to roll out the largest funding in public infrastructure for the reason that federal freeway system of the 1950’s was undertaken. Along with roads and bridges, the brand new administration will improve public colleges, construct out broadband, make public buildings vitality environment friendly and modernize medical record-keeping.

Right now, I’m asserting just a few key elements of my plan. First, we’ll launch a large effort to make public buildings extra energy-efficient. Our authorities now pays the very best vitality invoice on this planet. We have to change that. We have to improve our federal buildings by changing outdated heating techniques and putting in environment friendly mild bulbs. That gained’t simply prevent, the American taxpayer, billions of {dollars} every year. It would put individuals again to work.

Second, we’ll create tens of millions of jobs by making the only largest new funding in our nationwide infrastructure for the reason that creation of the federal freeway system within the 1950s. We’ll make investments your treasured tax {dollars} in new and smarter methods, and we’ll set a easy rule – use it or lose it. If a state doesn’t act rapidly to spend money on roads and bridges of their communities, they’ll lose the cash.

Third, my financial restoration plan will launch essentially the most sweeping effort to modernize and improve college buildings that this nation has ever seen.  We’ll restore damaged colleges, make them energy-efficient, and put new computer systems in our school rooms. As a result of to assist our youngsters compete in a 21st century financial system, we have to ship them to 21st century colleges.

LINK TO DAILY KOS STORE

On at present’s Kagro within the Morning present: Greg Dworkin rounds up Republican disgraces in WI, MI and NC. Pundits nonetheless attempting to decode the hidden clues in Mueller’s strikes and public filings. Will Pence keep away from indictment? Any blame in any respect? NC-09 turns even uglier, and what to do about it. 

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