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Stock impact report

Trump's pick for consumer agency chief has never stood up for consumers [Los Angeles Times (CA)]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Trump's pick for consumer agency chief has never stood up for consumers President Trump has picked a nominee for director of the Consumer Financial Protection Bureau and, true to form, he’s made a bad choice. Trump this week will nominate Kathy Kraninger, a little-known White House budget official, to serve as the nation’s top consumer watchdog. She has no experience in consumer advocacy, no experience as a regulator and no experience in financial services. What Kraninger brings to the job, according to a White House statement, is “a fresh perspective” and “management experience.” In fact, she doesn’t have much of that experience either. She has never held public office or run a government agency. Ed Mierzwinski, senior director of the federal consumer program for the U.S. Public Interest Research Group, called Kraninger “completely unqualified” for the CFPB job. Like other consumer advocates, he told me the suspicion is that Kraninger’s main role at the consumer agency will be to do Show less Read more
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