CFPB Names Deputy Director

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Today, the CFPB announced that Steve Antonakes, who has been serving as acting Deputy Director of the CFPB since Raj Date stepped down earlier this year, agreed to accept the position on a permanent basis.  Mr. Antonakes, former Commissioner of Banks for the Commonwealth of Massachusetts, was selected by Elizabeth Warren to be the first head of the CFPB’s supervision office, which has broad authority over banks and nonbanks.  Mr. Antonakes was subsequently elevated by Director Cordray to oversee the CFPB’s Division of Supervision, Enforcement & Fair Lending, a position that he continued to hold while serving as acting Deputy Director and will retain.  This is the latest in a series of appointments by the CFPB since Richard Cordary was confirmed as Director.

Topics:  CFPB, Political Appointments, Steve Antonakes

Published In: Consumer Protection Updates, Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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