Thursday Kraninger Vote: Senate GOP Rushing Payback for Mulvaney, Wall Street Donors

Rushing to Confirm Unqualified Nominee, Republicans on the Senate Banking Committee Have Taken More Than $53 Million in Campaign Cash from Industries Regulated by the CFPB


WASHINGTON, D.C. – After learning very little about Trump CFPB nominee Kathy Kraninger during her confirmation hearing two weeks ago, Republicans on the Senate Banking Committee are rushing to move her nomination forward on Thursday despite her lack of relevant experience. All told, these Senators have taken more than $53 million from industries regulated by the CFPB and nearly $700,000 from high-profile companies that Mulvaney has either let off the hook or softened penalties against as the Bureau’s “Acting Director.

It is hardly surprising that Kathy Kraninger has secured the endorsement of many of the industries she would be charged with overseeing if confirmed – industries that have contributed more than $53 million to Republicans who are now rushing her confirmation forward to a committee vote this Thursday. At the same time, her mentorMick Mulvaney has gone out of its way to let financial bad actors off the hook at the CFPB – companies like Equifax, Wells Fargo, and others who have given these same legislators nearly $700,000 in campaign cash,” said Karl Frisch, executive director of Allied Progress.

He continued, “Why are Republicans on the Senate Banking Committee rushing Kathy Kraninger’s nomination forward? Political payback, plain and simple. She has no record of consumer protection or holding big banks, predatory lenders, and other financial scammers accountable. Meanwhile the White House has refused to release documents that could shed light on her role in high-profile Trump administration blunders like its inhumane family separation immigration policy or its botched response to the crisis in Puerto Rico after Hurricane Maria.”

Senate Banking Committee Republicans by The Number

Sen. Bob Corker (R-TN)

  • Corker has taken at least $7,354,661 in campaign cash from key actors in the financial sector, which is regulated by the CFPB. The financial sector was by far Corker’s highest-contributing sector.[Sen. Bob Corker – Tennessee, Center for Responsive Politics, accessed 07/16/18]
  • Corker has taken at least $76,500 in campaign cash from high-profile companies that Mulvaney has either let off the hook or softened penalties against as “Acting Director” of the CFPB.
Donor Amount
American Express $14,500
Citigroup $16,000
Discover Financial Services $5,000
Equifax $8,500
Mastercard $10,000
Security Finance Corporation $5,000
Wells Fargo $17,500

[Profile for Senator Bob Corker, Political Moneyline, accessed 07/31/18]

Sen. Tom Cotton (R-AR)

  • Cotton has taken at least $3,770,736 in campaign cash from key actors in the financial sector, which is regulated by the CFPB. The financial sector was by far Cotton’s highest-contributing sector.[Sen. Tom Cotton – Arkansas, Center for Responsive Politics, accessed 07/16/18]
  • Cotton has taken at least $27,200 in campaign cash from high-profile companies that Mulvaney has either let off the hook or softened penalties against as “Acting Director” of the CFPB.
Donor Amount
Citigroup $8,500
Discover Financial Services $1,000
Mastercard $3,500
Security Finance Corporation $2,600
Wells Fargo $9,000
World Acceptance Corporation $2,600

[Profile for Senator Tom Cotton, Political Moneyline, accessed 07/31/18]

Sen. Mike Crapo (R-ID)

  • Crapo has taken at least $5,323,186 in campaign cash from key actors in the financial sector, which is regulated by the CFPB. The financial sector was by far Crapo’s highest-contributing sector. [Sen. Mike Crapo – Idaho, Center for Responsive Politics, accessed 07/16/18]
  • Crapo has taken at least $114,000 in campaign cash from high-profile companies that Mulvaney has either let off the hook or softened penalties against as “Acting Director” of the CFPB.
Donor Career Total
American Express $23,000
Citibank $31,000
Discover Financial Services $13,000
Equifax $2,000
Mastercard $5,000
Security Finance Corporation $6,000
Wells Fargo $30,500
World Acceptance Corporation $3,500

[Profile for Senator Mike Crapo, Political Moneyline, accessed 07/31/18]

Sen. Dean Heller (R-NV)

  • Heller has taken at least $4,462,269 in campaign cash from key actors in the financial sector, which is regulated by the CFPB. The financial sector was by far Heller’s highest-contributing sector.[Sen. Dean Heller – Nevada, Center for Responsive Politics, accessed 07/16/18]
  • Heller has taken at least $63,500 in campaign cash from high-profile companies that Mulvaney has either let off the hook or softened penalties against as “Acting Director” of the CFPB.
Donor Career Total
American Express $14,000
Citigroup $17,000
Discover Financial Services $2,500
Equifax $1,000
Mastercard $2,000
Security Finance Corporation $1,000
Wells Fargo $26,000

[Profile for Senator Dean Heller, Political Moneyline, accessed 07/31/18]

Sen. John Kennedy (R-LA)

  • Kennedy has taken at least $1,239,169 in campaign cash from key actors in the financial sector, which is regulated by the CFPB. The financial sector was by far Kennedy’s highest-contributing sector.[Sen. John Kennedy – Louisiana, Center for Responsive Politics, accessed 07/16/18]
  • Kennedy has taken at least $5,500 in campaign cash from high-profile companies that Mulvaney has either let off the hook or softened penalties against as “Acting Director” of the CFPB.
Donor Career Total
Citigroup $2,000
Mastercard $1,000
Wells Fargo $2,500

[Profile for Senator John Kennedy, Political Moneyline, accessed 07/31/18]

Sen. Jerry Moran (R-KS)

  • Moran has taken at least $2,283,366 in campaign cash from key actors in the financial sector, which is regulated by the CFPB. The financial sector is Moran’s second highest-contributing sector.[Sen. Jerry Moran – Kansas, Center for Responsive Politics, accessed 07/16/18]
  • Moran has taken at least $47,000 in campaign cash from high-profile companies that Mulvaney has either let off the hook or softened penalties against as “Acting Director” of the CFPB.
Donor Career Total
American Express $6,000
Citigroup $8,500
Equifax $1,000
Mastercard $2,500
Wells Fargo $29,000

[Profile for Senator Jerry Moran, Political Moneyline, accessed 07/31/18]

Sen. David Perdue (R-GA)

  • Perdue has taken at least $2,328,871 in campaign cash from key actors in the financial sector, which is regulated by the CFPB. The financial sector was by far Perdue’s highest-contributing sector.[Sen. David Perdue – Georgia, Center for Responsive Politics, accessed 07/16/18]
  • Perdue has taken at least $11,000 in campaign cash from high-profile companies that Mulvaney has either let off the hook or softened penalties against as “Acting Director” of the CFPB.
Donor Amount
American Express $1,000
Citigroup $2,500
Equifax $1,000
Security Finance Corporation $2,500
Wells Fargo $5,000

[Profile for Senator David Perdue, Political Moneyline, accessed 07/31/18]

Sen. Mike Rounds (R-SD)

  • Rounds has taken at least $1,326,540 in campaign cash from key actors in the financial sector, which is regulated by the CFPB. The financial sector was by far Rounds’ highest-contributing sector. [Sen. Mike Rounds – South Dakota, Center for Responsive Politics, accessed 07/16/18]
  • Rounds has taken at least $30,500 in campaign cash from high-profile companies that Mulvaney has either let off the hook or softened penalties against as “Acting Director” of the CFPB.
Donor Career Total
American Express $1,000
Citigroup $12,500
Discover Financial Services $1,500
Equifax $2,000
Mastercard $1,000
Wells Fargo $12,500

[Profile for Senator Mike Rounds, Political Moneyline, accessed 07/31/18]

Sen. Ben Sasse (R-NE)

  • Sasse has taken at least $1,554,083 from key actors in the financial sector, which is regulated by the CFPB. The financial sector was by far Sasse’s highest-contributing sector.[Sen. Ben Sasse – Nebraska, Center for Responsive Politics, accessed 07/16/18]
  • Sasse has taken at least $21,000 in campaign cash from high-profile companies that Mulvaney has either let off the hook or softened penalties against as “Acting Director” of the CFPB.
Donor Amount
Citigroup $7,000
Discover Financial Services $1,000
Mastercard $2,500
Wells Fargo $10,500

[Profile for Senator Ben Sasse, Political Moneyline, accessed 07/31/18]

Sen. Tim Scott (R-SC)

  • Scott has taken at least $4,084,385 in campaign cash from key actors in the financial sector, which is regulated by the CFPB. The financial sector was by far Scott’s highest-contributing sector.[Sen. Tim Scott – South Carolina, Center for Responsive Politics, accessed 07/16/18]
  • Scott has taken at least $65,500 in campaign cash from high-profile companies that Mulvaney has either let off the hook or softened penalties against as “Acting Director” of the CFPB.
Donor Amount
American Express $6,500
Citigroup $17,500
Discover Financial Services $4,500
Equifax $5,000
Mastercard $4,000
Security Finance Corporation $5,500
Wells Fargo $21,500
World Acceptance Corporation $1,000

[Profile for Senator Tim Scott, Political Moneyline, accessed 07/31/18]

Sen. Richard Shelby (R-AL)

  • Shelby has taken at least $8,308,054 in campaign cash from key actors in the financial sector, which is regulated by the CFPB. The financial sector was by far Shelby’s highest-contributing sector. [Sen. Richard C. Shelby – Alabama, Center for Responsive Politics, accessed 07/16/18]
  • Shelby has taken at least $106,550 in campaign cash from high-profile companies that Mulvaney has either let off the hook or softened penalties against as “Acting Director” of the CFPB.
Donor Amount
American Express $24,000
Citigroup $21,000
Discover Financial Services $10,500
Equifax $13,250
Mastercard $2,000
Security Finance Corporation $6,500
Wells Fargo $25,800
World Acceptance Corporation $3,500

[Profile for Senator Richard Shelby, Political Moneyline, accessed 07/31/18]

Sen. Thom Tillis (R-NC)

  • Tillis has taken at least $2,248,671 in campaign cash from key actors in the financial sector, which is regulated by the CFPB. The financial sector was by far Tillis’ highest-contributing sector.[Sen. Thom Tillis – North Carolina, Center for Responsive Politics, accessed 07/16/18]
  • Tillis has taken at least $35,100 in campaign cash from high-profile companies that Mulvaney has either let off the hook or softened penalties against as “Acting Director” of the CFPB.
Donor Amount
American Express $1,000
Citigroup $6,000
Discover Financial Services $1,000
Security Finance Corporation $7,900
Wells Fargo $11,000
World Acceptance Corporation $8,200

[Profile for Senator Thom Tillis, Political Moneyline, accessed 07/31/18]

Sen. Pat Toomey (R-PA)

  • Toomey has taken at least $9,397,250 in campaign cash from key actors in the financial sector, which is regulated by the CFPB. The financial sector was by far Toomey’s highest-contributing sector.[Sen. Pat Toomey – Pennsylvania, Center for Responsive Politics, accessed 07/16/18]
  • Toomey has taken at least $64,500 in campaign cash from high-profile companies that Mulvaney has either let off the hook or softened penalties against as “Acting Director” of the CFPB.
Donor Amount
American Express $10,000
Citigroup $20,000
Discover Financial Services $8,500
Equifax $4,500
Security Finance Corporation $4,500
Wells Fargo $12,500
World Acceptance Corporation $4,500

[Profile for Senator Pat Toomey, Political Moneyline, accessed 07/31/18]

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