CFPB nominee signals openness to continuing data-broker work

Jonathan McKernan, President Trump's nominee to lead the Consumer Financial Protection Bureau, told the Senate Banking Committee he may continue data-focused initiatives begun by Rohit Chopra, highlighting concerns about data brokers, the sale of sensitive consumer information, and potential national security risks. He pledged to implement policies to protect confidential CFPB data, review what information the agency stores, and focus enforcement on substantive consumer risks while noting recent OMB orders that have curtailed CFPB activity.