News & Analysis as of

Consumer Financial Protection Bureau (CFPB) › Presidential Nominations › Trump Administration

Orrick, Herrington & Sutcliffe LLP

McKernan reportedly out at CFPB as he’s announced for Treasury role

Orrick, Herrington & Sutcliffe LLP on

On May 9, Treasury Secretary Scott Bessent announced President Trump’s intent to nominate Jonathan McKernan to serve as the Undersecretary of Domestic Finance at the Department of the Treasury. As previously covered by...more

Sheppard Mullin Richter & Hampton LLP

CFPB Director Nominee to Move to Treasury Finance Role

Sheppard Mullin Richter & Hampton LLP on

On May 9, the U.S. Department of the Treasury announced that President Trump intends to nominate Jonathan McKernan to serve as the Undersecretary of Domestic Finance. McKernan had been awaiting Senate confirmation to lead the...more

Holland & Knight LLP

McKernan Nomination Awaits Full Senate Consideration; Vote Expected in May

Holland & Knight LLP on

Full Senate consideration for Jonathan McKernan to become director of the Consumer Financial Protection Bureau (CFPB) is not officially scheduled but is expected to take place in May based on recent comments by Senate Banking...more

Hudson Cook, LLP

Consumer Financial Services Bites of the Month - March 2025 - Melancholy March with the CFPB

Hudson Cook, LLP on

In this month's article, we share some of our top "bites" covered during the March 2025 webinar....more

McGlinchey Stafford

CFPB Upheaval Continues: An Update

McGlinchey Stafford on

As we highlighted on Monday, the Consumer Financial Protection Bureau (CFPB) is currently facing an existential crisis as the Trump Administration and DOGE work to dismantle large parts of the consumer watchdog. Here’s what...more

Bradley Arant Boult Cummings LLP

Rohit Chopra Out, Scott Bessent In (Temporarily) at the CFPB

Bradley Arant Boult Cummings LLP on

In a familiar move, President Donald Trump has designated the current head of another executive agency, this time newly sworn in Secretary of the Department of the Treasury Scott Bessent to simultaneously lead the Consumer...more

Butler Snow LLP

Changes Ahead At the Consumer Financial Protection Bureau

Butler Snow LLP on

Richard Cordray was confirmed as the head of the Consumer Financial Protection Bureau (CFPB) in 2013 under President Barack Obama. The CFPB was formed by Congress following the 2008 financial crisis. Although his term ends...more

Kelley Drye & Warren LLP

Trump To Nominate Competition-Focused Simons for FTC Chair, CP-Focused Chopra for Commissioner; Reports of Philips for Additional...

Kelley Drye & Warren LLP on

After months of speculation among the consumer protection and antitrust bars, Trump announced today his intention to nominate former Director of the Bureau of Competition and current Paul Weiss partner Joseph Simons as...more

Ballard Spahr LLP

Trump nominee to head OMB could create roadblock for CFPB regulations

Ballard Spahr LLP on

It has been reported that President-elect Donald Trump has nominated South Carolina Republican Congressman Mick Mulvaney to be Director of the Office of Management and Budget (OMB). Mr. Mulvaney has been described as a...more

Ballard Spahr LLP

Election results portend significant changes for CFPB

Ballard Spahr LLP on

As a result of Donald J. Trump’s election as President, coupled with the Democrats’ failure to wrest control of the House or Senate from the Republicans, the CFPB can be expected to undergo significant changes that are likely...more

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