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Category Archives: CFPB People

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CFPB announces senior leadership change and new hires and new advisory board and council members

Posted in CFPB People

The CFPB has announced a senior leadership change and two new hires.  It also announced new appointments to its Consumer Advisory Board, Community Bank Advisory Council, and Credit Union Advisory Council. The CFPB announced the following senior leadership change and new hires: Will Wade-Gery will serve as the Assistant Director for Card and Payments Markets. … More >

CFPB: Industry should “start now” to comply with workplace diversity and inclusion standards

Posted in CFPB People, CFPB Rulemaking, Diversity and Inclusion

On June 26, 2014, I participated in a panel presentation at the MBA Strategic Markets and Diversity Summit, in Washington, D.C. Stuart Ishimaru, Director of the Consumer Financial Protection Bureau’s Office of Minority and Women Inclusion, also sat on the panel. The presentation focused on Section 342 of the Dodd-Frank Act and the proposed Interagency… More >

House Committee on Financial Services Concerned with Decreased Consumer Choice

Posted in CFPB General, CFPB People, Payday Lending

As we previously reported, the House of Representatives Financial Services Committee held a hearing on the effects of regulatory “red tape.” In her opening statement, Meredith Fuchs, General Counsel of the Consumer Financial Protection Bureau, spoke about the goals of the CFPB in seeking input from impacted entities. Before enacting a rule, she said, the… More >

CFPB and FTC Representatives Speak at Symposium on Fine Print

Posted in CFPB General, CFPB People, FTC

CFPB General Counsel Meredith Fuchs and CFPB Assistant General Counsel for Law and Policy Anne Zorc spoke last week at the Georgetown Consumer Law Society and Citizen Works’ symposium entitled “Making the Fine Print Fair.” The CFPB’s representatives focused on the Bureau’s updates to the RESPA-TILA integrated disclosures rule, about which we previously reported. According… More >

CFPB announces new members of leadership team

Posted in CFPB People

The CFPB announced today that the following “experts” have been named to senior positions on the CFPB’s leadership team:  Jeffrey Langer has joined the CFPB as the Assistant Director of Installment and Liquidity Lending Markets in the Bureau’s Research, Markets, and Regulations Division.  Mr. Langer most recently served as senior counsel at Macy’s, Inc. and… More >

Karen Morgan heading to Consumer Financial Protection Bureau

Posted in CFPB People, Mortgages

Please join us in offering well wishes to Karen Morgan, a Mortgage Banking Group associate in the Washington, D.C., office who is leaving Ballard Spahr for a new opportunity at the Consumer Financial Protection Bureau. Karen will be Attorney-Advisor in the CFPB’s Office of Supervision Policy under its Division of Supervision, Enforcement, and Fair Lending…. More >

How did Director Cordray fare on Jeopardy!?

Posted in CFPB People

CFPB Director Richard Cordray did not come close to matching his success in 1987 when he returned last night to Jeopardy!  Mr. Cordray participated in the show’s “Battle of the Decades,” which brought back former champions to celebrate the show’s 30th anniversary.   In 1987, Mr. Cordray won $45,303 as a five-time champion.  Last night, he came… More >

Richard Cordray returning to Jeopardy!

Posted in CFPB People

CFPB Director Richard Cordray, who was an undefeated, five-time Jeopardy! champion, will be returning to the show this Wednesday, February 5.  He will be participating in the “Battle of the Decades,” a special that brings back former champions to celebrate the show’s 30th anniversary.  Mr. Cordray will be part of “1980s week,” having won $45,303… More >

Jeff Langer to join CFPB

Posted in CFPB People, Student Loans, Vehicle Loans

We have learned that Jeff Langer, an experienced attorney with a strong industry background, will be joining the CFPB to serve as Assistant Director, Installment and Liquidity Lending Markets.  In that position, Jeff will oversee auto and student lending.  (Corey Stone, CFPB Assistant Director, Deposits, Cash, Collections and Reporting Markets, will continue to oversee smaller… More >

Former Colorado regulator and consumer advocate Laura Udis to join CFPB as manager for payday lending program

Posted in CFPB People, Payday Lending

We have learned that, starting Monday, Laura Udis will join the CFPB as the Payday and Small Dollar Lending Program Manager in Research, Markets and Regulations. Ms. Udis comes to the CFPB from the Consumer Federation of America, where she served as Senior Advocate for Financial Services and worked on consumer credit, debt collection and… More >

CFPB elaborates on stepped-up FCRA enforcement activity

Posted in CFPB People

Yesterday we blogged about CFPB Bulletin 2013-09, which examined the CFPB’s expectations of furnishers investigating disputes under the federal Fair Credit Reporting Act (FCRA). The FCRA was also the topic of a panel sponsored by the Consumer Financial Services Committee at the American Bar Association’s Annual Meeting in San Francisco on Friday, August 9. Much… More >

Steven Antonakes named CFPB Deputy Director

Posted in CFPB People

Director Cordray announced today that Steven Antonakes has officially been named CFPB Deputy Director.  Mr. Antonakes was appointed Acting Deputy Director in January 2013 following the departure of Raj Date.  Director Cordray also announced that Mr. Antonakes will continue to serve as Associate Director for Supervision, Enforcement, and Fair Lending.  

CFPB announces new members of leadership team

Posted in CFPB People

The CFPB announced today that the following individuals are joining its leadership team:  Cheryl Parker Rose to serve as Assistant Director for the Office of Intergovernmental Affairs.  Most recently, Ms. Rose was Deputy Director of U.S. Government Relations for the Bill and Melinda Gates Foundation, and from 2007 to 2010 she was Senior Advisor and Director… More >

Director Cordray comments on effective date of mortgage rules, prepaid card rule and new Deputy Director

Posted in CFPB People, Mortgages, Prepaid Cards

CFPB Director Richard Cordray was among the federal financial regulators who attended a closed door meeting yesterday with President Obama.  Other regulators attending the meeting included the Chairs of the Fed, FDIC and SEC.  At the meeting, President Obama was expected to urge the regulators to complete Dodd-Frank rulemaking.  The Dodd-Frank rulemaking still on the… More >

The CFPB maintains that it is not making law through its amicus program

Posted in CFPB General, CFPB People

That was the message delivered by CFPB Assistant Director, To-Quyen Truong, at a program entitled “The CFPB’s Amicus Program and Trends in Consumer Litigation” sponsored by the Committee on Consumer Financial Services of the Business Law Section, which took place at the American Bar Association Annual Meeting on Saturday, August 10 in San Francisco. Ms…. More >

And the beat goes on.…

Posted in CFPB People

We have previously blogged about a number of senior CFPB staff who have left the agency. Politico has reported that yet another senior staff person has left the Bureau. This time it is Sendhil Mullainathan, Assistant Director for Research. He joined the agency in May 2011 after being a Professor of Economics at Harvard. He… More >

CFPB announces new senior staff members

Posted in CFPB People

Earlier this week, the CFPB announced the addition of the following four people to its leadership team:  Sartaj Alag to serve as Chief Operating Officer.  Mr. Alag was previously in charge of starting up and managing the CFPB’s Office of Consumer Response. Christopher D’Angelo to serve as Chief of Staff.  Mr. D’Angelo previously served as… More >

CFPB “brain drain” continues

Posted in CFPB People

The CFPB’s leadership ‘brain drain” seems to be continuing, with Politico reporting that Richard Hackett, the Bureau’s Assistant Director for installment and liquidity lending markets, is planning to leave the CFPB later this summer.  Just two weeks ago, we reported about the departures of three top CFPB officials to join the firm founded by former CFPB… More >

Fenway Summer Heats Up

Posted in CFPB People

Raj Date and Fenway Summer LLC has hit a triple for the ages.  In a highly acclaimed move, Fenway Summer added to its depth and its ability to execute on its vision by adding three more top CFPB officials. Garry Reeder, chief of staff; Chris Haspel, senior advisor for mortgage servicing and securitization; and regulatory… More >

U.S. Supreme Court likely to rule on cert petition in NLRB v. Noel Canning at June 20 Conference

Posted in CFPB People, Recess Appointment, Richard Cordray

We have been following very closely developments in NLRB v. Noel Canning, the case seeking Supreme Court review of the D.C. Circuit Court’s judgment invalidating President Obama’s January 4, 2012 appointment of several NLRB members. This case will likely determine the fate of Richard Cordray, who was appointed as Director of the CFPB on the same… More >

Update: Third Circuit recess appointment decision ups the ante on certiorari

Posted in CFPB People, Recess Appointment, Richard Cordray

Last week’s News Flash alerted readers that a second federal appellate court has now invalidated a NLRB recess appointment as incompatible with the meaning of the phrase, “the Recess of the Senate” in the Recess Appointment Clause of the Constitution. The result in the Third Circuit case, NLRB v. New Vista Nursing & Rehabilitation, though identical… More >