Washington Examiner--Colin Wilhelm
The Consumer Financial Protection Bureau will remain the Consumer Financial Protection Bureau, at least for the most part.
Newly installed bureau Director Kathy Kraninger said Wednesday that she would not move forward with the proposed course to change the bureau’s name set by her predecessor, Trump budget chief and incoming acting White House chief of staff Mick Mulvaney. Mulvaney had renamed the agency the "Bureau of Consumer Financial Protection."
“As of December 17, 2018, I have officially halted all ongoing efforts to make changes to existing products and materials related to the name correction initiative,” Kraninger wrote in an email sent Wednesday morning to the agency's staff.
But the new director added that the name “Bureau of Consumer Financial Protection,” and a new seal introduced during Mulvaney’s tenure as acting director, would be used in legal filings, required reports, and items specific to her office.
“The name ‘Consumer Financial Protection Bureau’ and the existing CFPB logo will continue to be used for all other materials,” Kraninger continued. “In other words, we have a legal name but will be using our colloquial name and the branded acronym ‘CFPB.’”
Kraninger said she considered a number of factors in deciding to halt the name change, including cost and input from members of Congress.