The Senate, in a party-line vote Thursday, confirmed White House aide Kathy Kraninger to head the Consumer Financial Protection Bureau and experts predicted a continuation of the industry-friendly shift it has taken since President Trump installed an acting director last year.

Kraninger is a protege of acting director and White House budget chief Mick Mulvaney, an outspoken critic of the agency that was created in the aftermath of the 2008 financial crisis to prevent predatory lending and other abuses that led to it.

"I think she'll largely manage the CFPB in the same way Mulvaney has, meaning that there will be less of an emphasis on enforcement," said Alan S. Kaplinsky, head of the Consumer Financial Services Group at Ballard Spahr. "I don't think there will be a lot of new regulations that are going to be proffered."

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