When Hillary Clinton lost the 2016 presidential election, a California law professor named Katie Porter -- who had been expecting to join Clinton's transition team to advise on housing policy -- thought she would sit the next four years out of government.
The new head of the Consumer Financial Protection Bureau ended an effort to change the name of the consumer watchdog agency, telling employees that the change would be too costly to finish.
Consumer advocates raised big concerns this week about the two top officials the Trump administration has appointed to protect Americans from fraud, claiming one has no related experience and that the other won't be able to go after companies like Equifax, Facebook, Amazon and Verizon because of his work in the private sector.
Leandra English, a top Consumer Financial Protection Bureau official, is stepping down from the agency and ending a legal fight to become acting chief.
President Donald Trump plans to nominate Office of Management and Budget official Kathy Kraninger to head the Consumer Financial Protection Bureau, the White House announced Saturday.
