July 19, 2018, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement in support of Kathy Kraninger, President Donald Trump’s nominee to head up the Consumer Financial Protection Bureau (CFPB):
“Kathy Kraninger is a long-standing and dedicated public servant who understands that government agencies operate best when they are run efficiently and held accountable. While it is our strong preference that Congress eradicate this too powerful agency before it does lasting harm to our nation, the least we can expect is that while we wait for Congress to act that the Consumer Financial Protection Bureau (CFPB) be managed in a way that doesn’t undermine our nation’s economy by abusing its authority and picking winners and losers in the financial sector.
“Since its inception, the CFPB has operated without proper oversight, which resulted in wasteful agency spending and overregulation that squeezed consumers and brought undue financial punishment to businesses.
“Mick Mulvaney has done an incredible job working to rein in this once unaccountable bureaucracy and as a protégé of Mulvaney, Ms. Kraninger is well suited to continue this difficult but necessary work. Therefore, I urge the Senate to confirm her expeditiously.”
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