Kathy Kraninger was sworn in as the director of the Consumer Financial Protection Bureau on Monday night by Vice President Mike Pence during a ceremony that was closed to the press. Kraninger held a press conference the next day – her first in office – during which she answered various questions from members of the media who were present.
Among the matters she was asked to address were the bureau’s approach to rulemaking and enforcement under acting director Mick Mulvaney, how she plans to handle certain staffing decisions and whether she has concerns about estimated costs associated with officially renaming the CFPB as the Bureau of Consumer Financial Protection.
Find out more about what she had to say.