President Trump nominated Kathy Kraninger to become the permanent director of the Consumer Financial Protection Bureau. Kraninger is currently the associate director for Office of Management and Budget in the White House where she works under Mick Mulvaney, the current acting CFPB director.

Her confirmation seems unlikely, however, as she has faced harsh criticism from both Democrats and Republicans who believe she is unqualified for the position. Many see her nomination as a tactic on the part of the Trump Administration.

"The administration's strategy appears to be to keep Mulvaney in office as acting director as long as he is able to do it," said Alan S. Kaplinsky, head of the consumer financial services group at Ballard Spahr. "I don't think anybody is going to push for the nomination to be heard anytime soon."

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