President Trump sent a new list of nominations to the Senate on Tuesday, unveiling his picks to lead several key financial regulatory agencies in his second administration.

Jonathan McKernan was tapped to chair the Consumer Financial Protection Bureau (CPFB). The former board member at the Federal Deposit Insurance Corporation announced his plans to step down from the agency Monday.

His nomination comes as the CFPB has been thrown into turmoil in recent days, after acting Director Russell Vought ordered employees to halt all work and announced he would not take the agency’s last drawdown from the Federal Reserve.

Staff members were also told that the CFPB’s headquarters would........

© The Hill