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Consumer Bureau Nominee Narrowly Clears Divided Senate Panel
Government Executive: The White House budget official with a specialty in homeland security nominated to run the Consumer Financial Protection Bureau squeaked by the Senate Banking Committee on Thursday. The vote was 13-12, with all Democrats opposed.
Republicans praised Kathy Kraninger’s management experience and goals of making the eight-year-old agency—whose creation after the 2008 financial crisis many of them opposed—more “transparent and accountable.”
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