The Senate moved one step closer Thursday to confirming Office of Management and Budget official Kathy Kraninger as head of the Consumer Financial Protection Bureau.
A motion to limit debate on Kraninger's nomination passed along strictly party lines, 50-49, advancing the nominee to a final vote.
Kraninger, who would succeed OMB Director and acting CFPB Director Mick Mulvaney, drew strong opposition from Democrats who raised concerns about her involvement in the Trump administration's "zero-tolerance" policy of separating migrant children from their families at the border, and response to three devastating hurricanes in 2017.
Critics also focused on her lack of experience with consumer protection issues, and claim she will resume Mulvaney's efforts to roll back the bureau's aggressive enforcement practices.
Read more in American Banker.