The White House nominated former Federal Deposit Insurance Corp. board member Jonathan McKernan to be the next director of the Consumer Financial Protection Bureau, according to a document sent to the Senate on Tuesday.
The development came on a day when the bureau terminated roughly 70 probationary employees, including enforcement division attorneys, Bloomberg Law reported.
“Unfortunately, the Agency finds that that you are not fit for continued employment because your ability, knowledge and skills do not fit the Agency’s current needs,” read a notice Tuesday from Adam Martinez, the agency’s acting chief human capital officer, according to the publication.
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