Jonathan McKernan
Jonathan McKernan | |
|---|---|
Official portrait, 2023 | |
| Under Secretary of the Treasury for Domestic Finance | |
Nominee | |
| Assuming office TBD | |
| President | Donald Trump |
| Succeeding | Nellie Liang |
| Member of the Board of Directors of the Federal Deposit Insurance Corporation | |
| In office January 5, 2023 – February 10, 2025 | |
| President | Joe Biden Donald Trump |
| Preceded by | Jelena McWilliams |
| Succeeded by | Vacant |
| Personal details | |
| Political party | Republican |
| Education | University of Tennessee (BA, MA) Duke University (JD) |
Jonathan P. McKernan is an American lawyer and politician. He was a member of the board of directors of the Federal Deposit Insurance Corporation (FDIC) from 2023 to 2025. McKernan is a member of the Republican Party.
Early life
McKernan studied at the University of Tennessee. He earned a Bachelor of Arts and Master of Arts in economics there. He later went to Duke University School of Law. He received a Juris Doctor there.[1][2][3]
Career
McKernan began as a banking lawyer and worked for Wilmer Cutler Pickering Hale, Dorr LLP and Hogan Lovells US LLP.[4] In 2017, he became an aide to U.S. Senator Bob Corker.[2][3] He later worked at the United States Department of the Treasury.[2]
In October 2019, he was named senior counsel for policy at the Federal Housing Finance Agency (FHFA).[2] He later was a counsel to Senator Pat Toomey.[1]
FDIC tenure
In September 2022, McKernan was nominated by President Joe Biden to serve on the board of directors of the Federal Deposit Insurance Corporation (FDIC) as part of the Republican minority.[5][6] He was sworn in as a member of the board of directors on January 5, 2023.[1] He announced his resignation from the FDIC on February 10, 2025, stating that his term had expired.[7]
Director of the CFPB
On February 11, 2025, President Donald Trump nominated McKernan to be the director of the Consumer Financial Protection Bureau (CFPB).[8]
On May 9, 2025, President Trump withdrew McKernan's name from serving as director of the CFPB and submitted his nomination to serve as the Under Secretary of the Treasury for Domestic Finance.[9]
References
- ↑ 1.0 1.1 1.2 "Jonathan McKernan". Federal Deposit Insurance Corporation. This article incorporates text from this source, which is in the public domain.
- ↑ 2.0 2.1 2.2 2.3 "FHFA Announces Key Hires". Federal Housing Finance Agency. October 24, 2019.
- ↑ 3.0 3.1 "Jonathan McKernan". LegiStorm.
- ↑ "Toomey Applauds Confirmation of GOP Nominees Jonathan McKernan and Travis Hill to FDIC". United States Senate. December 19, 2022.
- ↑ Sutton, Sam; Davidson, Kate (September 21, 2022). "A White House nomination surprise". Politico.
{{cite web}}: CS1 maint: multiple names: authors list (link) - ↑ Stratford, Michael; Harty, Declan; O'Donnell, Katy (February 11, 2025). "Trump taps bank, Wall Street regulators for top posts". Politico.
{{cite web}}: CS1 maint: multiple names: authors list (link) - ↑ Johnson, Katanga (February 10, 2025). "FDIC Board Director Jonathan McKernan to Leave US Bank Watchdog". Bloomberg.com – via Yahoo.com.
- ↑ Goldstein, Matthew; Cowley, Stacy (February 11, 2025). "Trump Names 2 New Top Financial Regulators". The New York Times. Archived from the original on February 12, 2025. Retrieved March 15, 2025 – via archive.today.
{{cite news}}: CS1 maint: bot: original URL status unknown (link) CS1 maint: multiple names: authors list (link) - ↑ "United States Department of the Treasury Announces New Appointment". U.S. Department of the Treasury. 2025-02-08. Retrieved 2025-06-02.
| Government offices | ||
|---|---|---|
| Preceded by Rohit Chopra |
Director of the Consumer Financial Protection Bureau Nominee |
Succeeded by TBD |
| Preceded by Jelena McWilliams |
Member of the Board of Directors of the Federal Deposit Insurance Corporation 2023–2025 |
Succeeded by Vacant |