The White House has signaled that an employee of the Office of Management and Budget will be nominated to run the nation’s consumer financial watchdog.

Kathy Kraninger joined the OMB in 2017 as an associate director. She has since overseen the budgets for financial regulators.

Her boss at the agency is White House Budget Director Mick Mulvaney, who has been working part-time as acting director of the Consumer Financial Protection Bureau.

Source: Mortgage Daily