NAR Supports Jonathan McKernan to Lead the CFPB

Today, NAR sent a letter to Chairman Tim Scott and Ranking Member Elizabeth Warren of the Senate Banking Committee supporting the nomination of Jonathan McKernan to be the new Director of the Consumer Financial Protection Bureau (CFPB). Mr. McKernan has a wealth of regulatory experience in Washington, D.C. having previously served on the FDIC Board of Directors. He has also held positions at the Treasury Department, the Federal Housing Finance Agency (FHFA) and has worked on banking issues on Capitol Hill.

The letter highlights Mr. McKernan's experience and also highlights many of the vital roles the CFPB plays in protecting consumers and enforcing financial services regulations, such as those overseeing the mortgage markets and rules prohibiting discrimination.

A confirmation hearing is scheduled for Thursday, February 27th.

Read NAR's letter to the Senate Banking Committee.