Back to today’s briefing

Story perspectives

Trump Withdraws CFPB Nominee Amid Bureau Turmoil

5/10/2025

36 5

Summary

Story summary

President Trump is shaking things up by withdrawing Jonathan McKernan's nomination for director of the Consumer Financial Protection Bureau, instead nominating him as under secretary of domestic finance. Meanwhile, the bureau, led by acting director Russell T. Vought, is in turmoil, halting operations and facing legal battles, with a crucial court hearing looming next week.

1 of 1

Story summary

President Trump is shaking things up by withdrawing Jonathan McKernan's nomination for director of the Consumer Financial Protection Bureau, instead nominating him as under secretary of domestic finance. Meanwhile, the bureau, led by acting director Russell T. Vought, is in turmoil, halting operations and facing legal battles, with a crucial court hearing looming next week.