The White House intends to nominate a budget official to head the Consumer Financial Protection Bureau, setting up what is expected to be a contentious fight in Congress about the direction the agency is taking in the Trump administration.
The nomination of Kathy Kraninger, an associate director at the Office of Management and Budget, to head the consumer-finance bureau formed by Democrats in 2011 after the financial crisis, drew support from some in the industry and swift condemnation from policy advocates both on the left and right.