McKernan previously served on the FDIC and held senior roles at the Federal Housing Finance Agency, the Senate, and the ...

Now that he’s nominated for a key role at Treasury, it’s unclear whether McKernan’s CFPB nomination can or will proceed.

U.S. President Donald Trump's pick to lead the Consumer Financial Protection Bureau, Jonathan McKernan, has instead been ...

Treasury Secretary Scott Bessent argued that tight bank regulations are driving the growth of private credit, which he thinks ...

Lawyers warned one of Elon Musk’s DOGE cronies that his investments were a conflict of interest. He fired them.

The growth of private credit tells me that the regulated banking system has been too tightly constrained,” Scott Bessent said ...

U.S. Treasury Scott Bessent is privately meeting with ... Leading the gatherings is Trump's pick to lead the Consumer Financial Protection Bureau, Jonathan McKernan. Last month, Bessent and ...

The 2018 consent order the CFPB lifted is the bank’s sixth to be resolved this year. The two remaining include the Federal ...

In the megabank's latest sign of progress with regulators, it said that a 7-year-old CFPB order has been terminated.