Many experts are saying that if Kathy Kraniger is confirmed as the next permanent director of the CFPB, the agency will undergo a significant cost-cutting effort, in addition to the continuation of the pro-business deregulatory agenda put in place by Mick Mulvaney.

"Budget cuts would be consistent with the game plan, which is to restrain the agency," said Ballard Spahr attorney Christopher Willis. "Even if a future permanent director succeeding Kraninger wanted to reestablish positions that had been cut, it would take six to nine months for the CFPB to reconstitute itself."

Kathy Kraninger could possibly be the second permanent director in the history of the CFPB and be able to reinvent much of the agency's operations.

Read the full article here. Subscription may be required.