Trump Names Republican Operative to Head CFPB
WASHINGTON, D.C. – President Donald Trump late Tuesday named Jonathan McKernan to serve as director of the U.S. Consumer Financial Protection Bureau (CFPB). Previously, he served as a congressional staffer for U.S. Sens. Pat Toomey (R-Pa.) and Bob Corker (R-Tenn.). Bartlett Naylor, financial policy advocate for Public Citizen, released the following statement:
“McKernan not only brings a history of serving senators bent on hobbling the CFPB, he will join a team of anti-government arsonists that includes Co-President Elon Musk and Project 2025 author Russel Vought. This despicable duo illegally shuttered the CFPB this week, depriving our nation of watchdogs to rein in financial industry predators and prevent the next economic crash. If a kakistocracy is government by the worst, McKernan will be in good company.
“During his confirmation hearing, McKernan must deliver an ironclad commitment to oblige Congress’s mandate that the CFPB will work to protect average Americans from Wall Street pillagers. This means full funding, aggressive enforcement, a robust consumer complaint response machinery and database, and more.”