The Consumer Financial Protection Bureau is one step closer to having a Senate-confirmed director even as the agency is locked in litigation over moves meant to shut it down.
The Senate Banking Committee voted 13-11 on Thursday to advance the nomination of Jonathan McKernan, a member of the Federal Deposit Insurance Corp.’s board, to serve as CFPB director.
“As the director of the Bureau of Consumer Financial Protection, Jonathan McKernan will ensure accountability and much needed reforms to curtail the weaponization of this rogue agency,” Committee Chairman Tim Scott (R-S.C.) said in a statement.
The vote was along party lines, with ...
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