Critics say CFPB nominee Kathy Kraninger lacks experience

by Jim Puzzanghera, Los Angeles Times

Nominees for top federal financial regulators usually have worked in high-level government or private-sector jobs, and President Trump had been following that traditional playbook. Until his latest pick.

His choice for comptroller of the currency was chief executive of Pasadena’s OneWest Bank; the selection for Federal Deposit Insurance Corp. chairwoman had been executive vice president of Fifth Third Bank and chief counsel for the Senate Banking Committee; and the nominee to head the Federal Reserve had served on the central bank’s board since 2012 after having been a top Treasury official and a partner at a high-powered asset-management firm.

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