On May 9, 2025, the Department of Treasury announced that President Trump nominated former FDIC Board Member Jonathan McKernan as Undersecretary of Domestic Finance at the U.S. Department of the Treasury. Trump previously nominated McKernan as head of the CFPB but the Senate did not move forward with that nomination.

In their press release, the Treasury Department said McKernan has become an integral part of the Secretary’s senior team serving as an advisor while awaiting Senate confirmation to lead the CFPB.

Read the Treasury’s press release here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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