• Senate approves Trump's nominee for watchdog agency

    12 days ago - By Chron

    NEW YORK - In a party-line vote, the Senate approved President Donald Trump's nominee to run the Consumer Financial Protection Bureau on Thursday, ending a six-month, highly partisan battle over the fate of the powerful consumer watchdog agency.
    The vote was 50-49 in favor of approving Kathy Kraninger, who worked as a mid-level official in the White House's budget office, to a five-year term. Kraninger has zero experience in financial services and had never run a federal agency before, a criticism that made Democrats hostile to her nomination since day one.
    The CFPB was created as part of...
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  • Senate Votes to Confirm Kathy Kraninger to Lead Consumer Financial Protection Bureau

    12 days ago - By Fortune

    Nearly two years into his administration, President Donald Trump will finally have his own permanent nominee running the Consumer Financial Protection Bureau, a controversial agency that Republicans say has stifled economic growth by burdening banks with red tape.
    The Senate voted 50-to-49 Thursday to confirm Kathy Kraninger, a little-known Office and Management Budget official, as the consumer watchdog's permanent director. She will succeed her boss, White House Budget Director Mick Mulvaney, who has been leading the CFPB part-time for more than a year.
    No Democrats voted in favor of...
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  • Trump's Pick for Energy Regulator Clears Senate by a Single Vote

    12 days ago - By Fortune

    The Senate narrowly confirmed President Donald Trump's pick for the nation's top energy regulator, with Democrats voting en bloc against the nominee over concerns that he would use his position to promote fossil-fuel interests.
    Bernard McNamee, a Republican Energy Department staffer who played a role in Energy Secretary Rick Perry's ill-fated plan to subsidize coal and nuclear plants, came under fresh fire when a video surfaced in which he equated the environmental movement with tyranny and criticized renewable energy.
    Those comments were enough to dissuade even coal-state Democrat Joe...
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