August 23, 2018 / 2:34 PM / 2 months ago

U.S. Senate banking panel votes 13-12 to advance Trump's pick as CFPB head

WASHINGTON, Aug 23 (Reuters) - The U.S. Senate Banking Committee voted on Thursday to advance President Donald Trump’s pick to lead the nation’s top consumer watchdog, despite criticism from Democratic senators.

Kathy Kraninger, a senior official at the White House’s Office of Management and Budget (OMB), was advanced by the panel on a party-line vote of 13-12. If confirmed, she would replace Mick Mulvaney, Trump’s OMB chief, who has served as acting director at the agency since November. Her nomination now advances to the full Senate, which has yet to schedule a final confirmation vote. (Reporting by Katanga Johnson Editing by Chizu Nomiyama)

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