Trump Consumer Watchdog Kraninger Steps Down at Biden’s Request
- CFPB chief’s resignation paves way for Biden pick Chopra
- FTC’s Chopra can step into CFPB job quickly as acting director
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Kathy Kraninger, former President Donald Trump’s director of the Consumer Financial Protection Bureau, posted her resignation letter to Twitter Wednesday, saying she was stepping down according to the wishes of President Joe Biden.
“I have focused on implementing common-sense solutions to complex problems and delivering real value for the American people,” Kraninger said in her resignation letter, detailing what she considers the agency’s accomplishments during her two-year tenure.