U.S. Sen. Elizabeth Warren, D-Massachusetts, took issue Wednesday with President Donald Trump’s pick to head the Consumer Financial Protection Bureau, arguing that his nominee’s record “does not justify an important promotion to lead a major federal agency.”
Warren, who helped create the CFPB after the 2008 financial crisis, raised concerns about findings included in her office’s analysis of director nominee Kathy Kraninger’s tenure at the Office of Management and Budget.
The senator took particular issue with the 16-page “Record of Failure” report’s assertions that Kraninger, as the OMB’s program associate director for general government programs, oversaw budgets that “would make this country’s affordable housing crisis even worse” and failed to ensure an adequate, timely response to hurricanes in Puerto Rico.
Warren further reiterated concerns that Kraninger impacted budgetary or policy decisions related to the Justice Department’s “zero-tolerance” approach to immigration — a controversial policy that led to the separation of migrant children from their parents.
“The administration has defended Ms. Kraninger’s nomination solely by citing her management abilities — yet her tenure at OMB has been marked by horrific mismanagement of the Trump Administration’s immigration policy, the Puerto Rico recovery and the affordable housing crisis,” her office said in an email. “Her record of management failure does not justify an important promotion to lead a major federal agency.”
The senator’s report argued that while Kraninger “is not solely responsible for the administration’s success or failure in those areas,” she is “a key administrator at the agency that is responsible for developing, coordinating and overseeing administration budgets, policy and implementation.”