CFPB Nominee Should Come Clean About Role in Trump Admin Policy Separating Children from Families

Mulvaney Says It’s Important to “Bring Transparency and Accountability” to the CFPB – Kraninger Should Live up to That Standard and Release All Documents Related to Her Role in the Trump Administration’s Policy Separating Children from Their Families

WASHINGTON, D.C. – Today, Allied Progress called on Consumer Financial Protection Bureau (CFPB) Director nominee Kathy Kraninger to live up to the standards of transparency articulated by her boss Mick Mulvaney, and respond swiftly to a request from Sens. Elizabeth Warren (D-MA) and Sherrod Brown (D-OH) that she turn over “documents and other information about [her] role in the development and implementation of the Trump Administration’s ‘Zero-Tolerance Policy,’ which has led the Administration to separate thousands of young children from their parents.”

“Mick Mulvaney claims that he wants to bring ‘transparency and accountability’ to the CFPB – does Kathy Kraninger? If she’s on the same page as her boss, she shouldn’t have any trouble quickly producing the documents requested by Sens. Warren and Brown,” said Karl Frisch, executive director of Allied Progress.

He continued, “The Trump Administration’s policy tearing children away from their families at our southern border is barbaric and cruel. We deserve to know what role a high-profile nominee like Kraninger played in this reprehensible policy.”

“Very little is known about Kraninger’s record other than the fact that she has no experience in consumer protection or financial services issues – key functions of the government agency she hopes to lead. If this nomination is to be taken seriously, she will comply with this request for documents,” he concluded.

During congressional hearings in April, CFPB “Acting Director” Mulvaney said, “it’s important that we bring some transparency and accountability to this Bureau.”

What You Need To Know

  • Senators Elizabeth Warren and Sherrod Brown sent a letter seeking information on Kathy Kraninger’s role in families being separated at the border.“Opposition to the White House pick to run Consumer Financial Protection Bureau escalated Tuesday when Democratic senators suggested the nominee may have been involved in the policy of separating children from their parents at the U.S. border. Sens. Elizabeth Warren of Massachusetts and Sherrod Brown of Ohio, sent a letter Tuesday to Kathy Kraninger, seeking information on what role she played in the so-called zero-tolerance policy. Warren separately tweeted that she will place a hold on the nomination until Kraninger provides more details.” [Kate Berry, “Dems suggest CFPB nominee had role in ‘zero-tolerance’ border policy,American Banker, 06/19/18]
  • “Acting Director” Mick Mulvaney has vowed to bring “transparency and accountability” to the CFPB. During remarks at a hearing before the House Financial Services Committee, Mick Mulvaney said the CFPB was “‘not designed structurally to be accountable.’” He also noted that he thought it was “‘important that we bring some transparency and accountability to this bureau.’” [Sarah O’Brien, “Mulvaney pitches his revamp of consumer protection agency to Congress,” CNBC, 04/11/18]

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