The White House has withdrawn Jonathan McKernan’s nomination to serve as director of the Consumer Financial Protection Bureau (CFPB) and has instead nominated him to be undersecretary for domestic finance at the U.S. Treasury Department.
While awaiting U.S. Senate confirmation for the CFPB role, McKernan had been serving as an adviser at the Treasury.
It remains unclear whether the White House plans to nominate a new candidate for CFPB Director.
For more information, email Heather Line.
Your League-member benefits include the Compliance Hotline — providing exclusive access to dedicated compliance experts:
Using the above phone number and email address, you can gain access to a knowledgeable team that’s ready to address all your credit union’s compliance inquiries — promptly and efficiently. With the Compliance Hotline, you can proactively respond to impromptu questions and issues by getting clarity and insight on technical topics that normally slow you down. We want to help you unlock the full potential of your League membership by leveraging the resources and support you need to navigate the complex world of compliance effortlessly. We’re ALWAYS just a phone call or email away!
Additionally, other League-member compliance resources include:
For more information, email Lisa Quaranta.
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