The American Fintech Council (AFC) has expressed its congratulations to Jonathan McKernan on his recent nomination as Under Secretary of Domestic Finance at the U.S. Department of the Treasury. The statement was issued by Phil Goldfeder, CEO of AFC.
In the statement, Goldfeder highlighted McKernan's extensive experience and understanding of financial markets and regulation. He emphasized McKernan's dedication to pragmatic policymaking throughout his career, noting his leadership roles at the Federal Deposit Insurance Corporation (FDIC) and involvement with various governmental bodies such as the Treasury Department, Federal Housing Finance Agency, and U.S. Senate.
"This appointment comes at a critical moment as the Treasury plays an increasingly central role in shaping the future of financial infrastructure—including open banking, digital assets, and real-time payments," said Goldfeder. He added that McKernan's approach to policy is both thoughtful and measured, which will benefit the Department as it faces emerging challenges and opportunities within the global financial ecosystem.
Goldfeder concluded by expressing AFC's eagerness to work alongside McKernan and his team at the Treasury to foster a financial system that is secure, inclusive, and aligned with contemporary consumer interactions with financial services.