New CFPB Director Kathy Kraninger says she won't be a clone of Mick Mulvaney

WASHINGTON - On her first full day leading the Consumer Financial Protection Bureau, Kathy Kraninger said she won't be a clone of Mick Mulvaney, the controversial acting director who she replaced in the powerful regulatory position.

To underscore that point, the former White House aide said she would even reconsider a Mulvaney action that critics saw as a gratuitous jab at Democrats who championed the agency's creation: changing its name to the Bureau of Consumer Financial Protection.

Kraninger's declaration during a meeting with reporters Tuesday addressed one of the main criticisms of her selection. She is considered a protege of Mulvaney, her boss at the White House Office