Trump's Consumer Watchdog Pick Is Making Almost No One Happy

WASHINGTON (Reuters) - The White House said on Saturday that President Donald Trump will pick Kathy Kraninger, an Office of Management and Budget (OMB) official, to head the U.S. consumer watchdog, drawing criticism from consumer advocates and dividing conservatives. Kraninger will succeed her boss, the interim head of the Consumer Financial Protection Bureau (CFPB) Mick Mulvaney, if the decision is approved by the Senate. “She will bring a fresh perspective and much-needed management experience to the (bureau), which has been plagued by excessive spending, dysfunctional operations, and politicized agendas,” White House Deputy Press Secretary Lindsay Walters said in a statement.