American Fintech Council supports Jonathan McKernan's nomination for CFPB leadership

The American Fintech Council (AFC) has expressed its support for Jonathan McKernan following his nomination to lead the Consumer Financial Protection Bureau (CFPB). Phil Goldfeder, Chief Executive Officer of AFC, extended congratulations to McKernan and highlighted his extensive experience with the Federal Deposit Insurance Corporation (FDIC), the Federal Housing Finance Agency (FHFA), and the Senate Banking Committee. Goldfeder noted that this background provides McKernan with a solid understanding of financial regulation and a balanced perspective on consumer protection.

Goldfeder remarked, “Throughout his career, Mr. McKernan has supported regulatory frameworks that foster innovation while safeguarding consumers. His approach to regulation emphasizes a fair and transparent financial system that empowers consumers while allowing for the responsible growth of new financial products and services.”

The AFC is eager to collaborate with McKernan to ensure that the CFPB continues its dual focus on consumer protection and fostering responsible innovation in financial services. Goldfeder expressed confidence in McKernan's leadership, stating, “We are confident that under his leadership, the CFPB will effectively address the challenges and opportunities of an evolving financial landscape.”