Senators Grill Trump's CFPB Director Pick: You Are 'On the Titanic, Good Luck'
Jonathan McKernan, U.S. President Donald Trump’s nominee to be the director of the Consumer Financial Protection Bureau, told lawmakers he would “fully and faithfully” enforce laws related to the CFPB’s mission, but faced intense questioning from Democrat senators about his ability to uphold the agency's statutory requirements. The hearing highlighted concerns over the CFPB's future under McKernan's leadership, following a period of significant changes by acting director Russell Vought. McKernan's response to senators' questions raised doubts about his ability to restore the agency's reputation and effectiveness.
- If confirmed as CFPB director, Jonathan McKernan will face an uphill battle in restoring public trust in the agency, given its tumultuous past under acting director Russell Vought.
- What role do Senate Democrats hope to play in shaping the CFPB's future direction, particularly if they are unable to block McKernan's nomination?