By Pete Schroeder
(Reuters) -U.S. President Donald Trump intends to nominate Jonathan McKernan, who he also nominated to lead the Consumer Financial Protection Bureau, to serve as the undersecretary of domestic finance at the U.S. Department of the Treasury, the Treasury said on Friday.
It was not immediately clear if McKernan would try to fill both roles, or if he was no longer the nominee to lead the CFPB, an appointment which is awaiting U.S. Senate confirmation.
The Treasury said McKernan had been a Treasury advisor while awaiting confirmation for the CFPB role and became an integral part of Treasury Secretary Scott Bessent’s senior team during that time.
The consumer bureau, which is undergoing a dramatic upheaval under Trump, is currently led by Office of Management and Budget Director Russell Vought on an acting basis.
The Treasury Department and White House did not immediately respond to requests for clarification.
McKernan previously served on the board of directors of the Federal Deposit Insurance Corporation and held senior roles at the Federal Housing Finance Agency, the Treasury Department and the U.S. Senate, the Treasury Department said in its statement.
(Reporting by Ismail Shakil in Ottawa and Pete Schroeder in Washington; Editing by Nia Williams)
