DNC Chair Tom Perez released the following statement after the Senate confirmed Donald Trump’s nominee, Kathy Kraninger, to run the Consumer Financial Protection Bureau:

“Kathy Kraninger’s appointment is a slap in the face to working families. Donald Trump has spent his life ripping off consumers with cheap schemes like Trump University, and now he’s putting someone with zero relevant experience in charge of the agency whose mission is to protect people from predatory lenders and financial scams. The CFPB has been a bargain for taxpayers: it has returned more than $12 billion to American consumers. The fact that Republicans have been dead set on dismantling the agency tells us everything we need to know about their priorities.”