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Consumer Financial Protection Bureau (CFPB) Nominations Financial Services Industry

Ballard Spahr LLP

Trump to nominate CFPB nominee to Treasury Department position

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Treasury Secretary Scott Bessent announced May 9 that President Trump intends to nominate Jonathan McKernan, his nominee to head the CFPB, as the Undersecretary of Domestic Finance at Treasury....more

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Yet Another Leadership Change at the CFPB: Jonathan McKernan Nominated as Director

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On February 11, President Donald Trump nominated Jonathan McKernan to be the new Director of the Consumer Financial Protection Bureau (CFPB or Bureau). If confirmed by the Senate, McKernan will replace Acting CFPB Director...more

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Trump nominates former FDIC Board Member Jonathan McKernan to head CFPB

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President Trump has nominated Jonathan McKernan to be the Director of the CFPB. ...more

Troutman Pepper Locke

CFPB Director Nomination Advances in the US Senate

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On September 21, the U.S. Senate voted 49-48 along party lines on a procedural motion to advance the nomination of current Federal Trade Commission (FTC) Commissioner Rohit Chopra to become the director of the Consumer...more

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Chopra Nomination Moves To Senate Floor Following Banking Committee Tied Vote

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The vote in the Senate Banking Committee today on Rohit Chopra’s nomination to serve as CFPB Director resulted in a 12-12 tie....more

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Senate Banking Committee schedules August 23 vote on Kraninger nomination

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According to media sources, the Senate Banking Committee has rescheduled a vote on President Trump’s nomination of Kathy Kraninger to serve as CFPB Director for August 23. There is little doubt that the Committee will approve...more

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Senate Banking Committee Postpones Vote to Confirm Kraninger

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As we previously reported, Kathy Kraninger, President Trump’s nominee to become the next CFPB Director, testified at a hearing of the Senate Banking Committee on July 19. ...more

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Senate Banking Committee holds hearing on Kraninger nomination

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Yesterday, the Senate Banking Committee held a hearing on President Trump’s nomination of Kathy Kraninger to serve as CFPB Director. Although the hearing also included the President’s nomination of Kimberly Reed to serve as...more

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