Senate Banking Advances CFPB Nominee McKernan on Party Line Vote
The Senate Banking Committee voted along party lines Wednesday to advance Consumer Financial Protection Bureau nominee Jonathan McKernan to the Senate floor (see 2503040058).
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Ranking member Elizabeth Warren, D-Mass., said she opposed McKernan and three other nominees because they haven’t provided meaningful responses to questions and she has “deep substantive concerns.”
McKernan is “being sent in by co-presidents Donald Trump and Elon Musk to unleash” scammers and fraudsters on American citizens, she said. Democrats have criticized the involvement of Musk’s Department of Government Efficiency at CFPB, a leading regulator on privacy issues specific to financial institutions, and other agencies. Warren noted the FBI hasn’t completed its background check on McKernan.