View or download a PDF of the letter here.

Americans for Financial Reform along with 23 consumer, civil rights, community, labor, faith-based, small business, farm, and other organizations joined a letter urging the Senate Banking Committee to oppose the nomination of Jonathan McKernan to serve as Director of the Consumer Financial Protection Bureau (CFPB). The Director of the CFPB must be deeply committed to consumer financial protection and prioritize extending the Bureau’s record of accomplishment of protecting families, servicemembers, veterans, and consumers while holding Wall Street and predatory financial actors accountable. Mr. McKernan’s testimony made clear he is ill-suited for this critical leadership position and tacitly endorsed Elon Musk’s attacks that seek to shutter the Bureau. The CFPB’s Director should preserve the Bureau’s integrity, capacity, and independence and stand up against capricious and unlawful efforts to defund, dismantle, or diminish the agency. Jonathan McKernan fails to meet these standards. The Senate must reject his nomination.