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Consumer Financial Protection Bureau Could Be Led to Its Demise From the Inside

The Trump administration insists the financial watchdog is safe for now, but as in administrations past, it can be made into whatever officials want it to be.

AP/Jacquelyn Martin
Senator Warren, who helped create the Consumer Financial Protection Bureau during President Obama’s first term, is insisting it run the way she envisioned it. AP/Jacquelyn Martin
SHARON KEHNEMUI
SHARON KEHNEMUI

Amid legal and political squabbling over the future of the Consumer Financial Protection Bureau, the Trump administration is seeking to input a highly credible attorney at the top of the financial watchdog, perhaps with the intent of tearing it down. 

The Senate Banking, Housing, and Urban Affairs Committee is scheduled to hear from Jonathan McKernan on Thursday during a hearing on his and other nominations to financial oversight positions. 

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SHARON KEHNEMUI
SHARON KEHNEMUI

Ms. Kehnemui is a 12-year veteran of FoxNews.com, where she was a reporter and then senior politics editor. She subsequently worked as managing director of digital communications at American Enterprise Institute.

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