Kraninger Puts Brakes On Mulvaney's CFPB Name Change

Law360 (December 19, 2018, 4:11 PM EST) -- The Consumer Financial Protection Bureau’s new director, Kathleen Kraninger, told staff Wednesday that she’s halted her predecessor’s move to rebrand the agency as the Bureau of Consumer Financial Protection, an effort that an internal agency report once estimated could come with a $300 million price tag for financial services companies.

In an all-staff email, Kraninger said the issue of the agency’s name was an “early priority” for her because of real-time decisions that need to be made about implementing the change, which was initiated by former acting Director Mick Mulvaney as part of a push to keep the agency “hewing closely...

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