Democrats and consumer groups have called for Eric Blankenstein, a policy director at the CFPB, to be fired.
Her nomination took much of Washington by surprise. Kraninger has almost no experience as a consumer finance regulator but now is one of the country’s most powerful banking regulators.
Political appointees at CFPB gummed up agency operations while claiming efficiencies as their aim, according to agency data and interviews with career officials.
The chamber along party lines to advance Kathleen Kraninger’s nomination for the Consumer Financial Protection Bureau. A confirmation vote could come as early as next week.
Stanphyl Capital is part of one of Wall Street’s most aggressive bets against a single company in history. The $10 billion wager has set up a marathon battle between one of Silicon Valley’s most outspoken leaders, Tesla CEO Elon Musk, and some of Wall Street’s most notorious doomsayers.
The 29 percent increase in quarterly profits is just the latest indication that a decade after a global financial crisis that wiped out trillions in wealth, the country’s 5,400 banks have not just recovered but are even stronger.
The acknowledgement is sure to raise the pressure on the San Francisco-based bank, which has been struggling to repair its image after a series of missteps.
“I thought it was a movie set . . . this is much scarier.”
The San Francisco branch of the SEC had become ground zero for some of the tech industry’s biggest regulatory headaches.
Equifax has received the most complaints, 83,252. Its political action committee contributed $5,000 to Mulvaney, according to a new report by Public Citizen.