Cranes reverse Mulvaneys CFPB name change initially as director

Kathy Kraninger, new director of the Consumer Financial Protection Bureau, reverses the name change that her predecessor, Mick Mulvaney, tried to impose on the agency, according to an internal email Wednesday.

"I care much more about what we do than what we call, "wrote Cranes in the All-Hands E-mail, originally obtained by the Allied Progress Consumers Group." From December 17, 2018, I have officially stopped all ongoing work to make changes in existing products and materials related to the name correction initiative. "

History Still Under

Cranes's decision to refrain from Mulvaney, her former head of the Office of Management and Budget, who was just appointed as the White House Chief of Staff, just arrived one week after she was sworn in to lead

Mulvaney, installed by President Donald Trump as acting director of the agency in November 2017, maintained that he only followed the articles of association by insisting that the agency be called the Bureau of Consumer Financial Protection, or BCFP. He also reorganized

Sen. Elizabeth Warren (D-Mass) on Monday asked the Secretary General of the CFPB Inspector to investigate Mulvaney's name change decision, which she said would cost the agency between $ 9 million and $ 19 million, with reference to news reports.

Warren helped set up the agency under the Obama administration in the wake of the financial crisis,

said Kraninger For reports, legal archives and other official activities, the agency will use Mulvaney's preferred name. "The name" Consumer Financial Protection Bureau "and the existing CFPB logo will still be used on all other materials," she said.