In the Headlines
February 13, 2025
Trump CFPB Pick McKernan to Lead Agency Targeted for Shutdown
Bloomberg Law
Financial Services attorney Eamonn Moran was quoted in a Bloomberg Law article about the nomination of Jonathan McKernan to lead the Consumer Financial Protection Bureau (CFPB). McKernan, with a track record of finding common ground while at the Federal Deposit Insurance Corporation (FDIC), brings seasoned policy expertise to the CFPB, though his capacity to effect change may be limited by the overarching skepticism of President Donald Trump and Elon Musk toward the agency. Mr. Moran expressed concerns about the challenges McKernan will face in maintaining agency supervision and enforcement activity amid uncertainty about its future.
"He may face some constraints ahead of him as it's not at all clear what the endgame is," he said.
READ: Trump CFPB Pick McKernan to Lead Agency Targeted for Shutdown (Subscription required)
"He may face some constraints ahead of him as it's not at all clear what the endgame is," he said.
READ: Trump CFPB Pick McKernan to Lead Agency Targeted for Shutdown (Subscription required)