Five challenges facing new consumer bureau chief

Source: Sylvan Lane, The Hill

Kathy Kraninger faces a slew of daunting challenges as the new director of the Consumer Financial Protection Bureau (CFPB). Kraninger was confirmed by the Senate on Dec. 6 in a 50-49 party-line vote, and began her five-year term atop the the polarizing financial regulator on Tuesday. She promised a fresh start at an agency where many employees have felt demoralized during more than a year of turmoil under Acting Director Mick Mulvaney, who was recently named acting White House chief of staff.

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