Trump to Tap McKernan for Domestic Finance Role at Treasury (1)

President Donald Trump intends to nominate attorney Jonathan McKernan as the Treasury Department’s head of domestic finance, a surprise move given he was previously tapped to run the Consumer Financial Protection Bureau.

McKernan has been working as an adviser at the Treasury while awaiting confirmation for the CFPB role, Secretary Scott Bessent said in a statement Friday. McKernan, previously a board member at the Federal Deposit Insurance Corp., had sat for a Senate confirmation hearing for that job earlier this year.

“McKernan has become an integral part of the secretary’s senior team,” according to the Treasury statement. “His continued ...