President Donald Trump’s nomination of Jonathan McKernan to lead the Consumer Financial Protection Bureau brought some relief to industry and consumer advocates hoping for a stable agency, but the watchdog’s future still hangs in the balance following nearly two weeks of attacks.
McKernan previously served on the Federal Deposit Insurance Corp.’s board for more than two years, resigning his post Feb. 10.
McKernan, a Republican, developed a reputation as a serious regulator who was able to find some common ground with his Democratic colleagues on the FDIC’s board, such as former CFPB Director Rohit Chopra.
That’s welcome news for at ...