The Trump administration announced on Saturday that it intended to nominate Kathy Kraninger an associate director at the Office of Management and Budget to head the Bureau of Consumer Financial Protection .
She will succeed Acting Director Mick Mulvaney at the bureau. "The President intends to nominate Kathy Kraninger to be the next Director of the Bureau of Consumer Financial Protection," Lindsay Waters, the White House deputy press secretary said in a statement.
The nomination comes at a time when Mulvaney's term as acting director is set to expire on June 22. Mulvaney, who works above Kraninger as Budget Chief at the OMB is likely to be the bureau's leader until she's confirmed according to the Wall Street Journal.
Mulvaney's entry into the Bureau in November 2017 was a controversial one and has been in the news in the recent month as much for the changes he's brought to the CFPB as the controversies around them. From requesting $0 for the Bureau's budget in Q2, and recommending four key changes  to make the Bureau "more transparent and accountable," to the more recent change of name from the Consumer Financial Protection Bureau to the Bureau of Consumer Financial Protection, the Acting Director is expected to leave his mark before he hands over the reins to his successor.