Jonathan McKernan has become a White House favorite for financial regulatory positions.
The Senate has yet to act on McKernan’s nomination to become director of the Consumer Financial Protection Bureau, but the Treasury Department said Friday that President Donald Trump intends to tap him to serve as undersecretary for domestic finance.
“McKernan has been an advisor at the Treasury Department while awaiting Senate confirmation to lead the Bureau of Consumer Financial Protection,” Treasury said in a statement. “During that time, McKernan has become an integral part of the Secretary’s senior team. His continued service at Treasury will ensure that his experience and expertise are best put to advancing the President’s America First agenda.”
