The nomination of Jonathan McKernan to lead the Consumer Financial Protection Bureau (CFPB) suggests that, despite the “delete” rhetoric around the bureau, the consumer watchdog isn’t going to be de-fanged and sent to the kill shelter just yet.

McKernan, a well-respected, veteran financial regulator with prior stints at the Treasury Department, Federal Housing Finance Agency (FHFA) and powerful senate committees, is expected to be confirmed by senate vote this month and take control of the bureau.

What sort of agency he will lead is perhaps the most intriguing question among housing professionals in Washington. On Saturday, the agency’s details ⇒

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