Kraninger wants more money for CFPB. The White House has a different plan

By: Kate Berry

February 20, 2020

“‘The fact that Kraninger is talking about increasing the budget when the administration isn’t going in that direction does show some independence,” said Michael Flynn, of counsel at the law firm Buchalter. “That she is taking a position saying she wants to grow the agency also sends the message that the CFPB is here to stay.’

‘I don’t think the hiring is necessarily geared toward enforcement,” Flynn said. “If she gets her way, I don’t think an increase in the budget means anything about enforcement long-term.'”

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