News & Analysis as of

CFPB hires Assistant Director for Office of Small Business Lending Markets; announces other senior leadership additions

Earlier this week, the CFPB announced the addition of several new members to its senior leadership team. The announcement included the news that the CFPB has filled the position of Assistant Director for the Office of...more

CFPB Names David Silberman Acting Deputy Director

On January 7, the CFPB named David Silberman as the agency’s interim Acting Deputy Director, replacing Meredith Fuchs, while the CFPB searches for a permanent replacement. Since 2011, Silberman has served as the CFPB’s...more

New Acting Deputy Director David Silberman of the CFPB Appointed Without Advice and Consent

Last week, the Consumer Financial Protection Bureau (CFPB) Director, Richard Corday, appointed David Silberman as the new Acting Deputy Director of the CFPB. Silberman will replace Meredith Fuchs, who previously served as...more

David Silberman to serve as CFPB acting deputy director

According to Politico, David Silberman will replace Meredith Fuchs as the CFPB’s acting Deputy Director beginning next week. Mr. Silberman has been serving as the CFPB’s Associate Director for research, markets, and...more

CFPB Names Mary McLeod as New General Counsel

On December 17, the CFPB announced that Mary McLeod will join the Bureau in early 2016 as its General Counsel. McLeod will replace Meredith Fuchs, who announced her departure from the Bureau earlier this year and is currently...more

New CFPB General Counsel named

According to Politico, the CFPB has named Mary McLeod, formerly the State Department’s top lawyer, to be the CFPB’s new General Counsel. Ms. McLeod will replace Meredith Fuchs, the CFPB’s current General Counsel who has also...more

SEC Administrative Law Judges Ruled Unconstitutional

A recent decision from the U.S. District Court for the Southern District of New York concludes that the manner in which Administrative Law Judges (“ALJs”) of the U.S. Securities and Exchange Commission (“SEC”) are appointed...more

CFPB Announces New Set of Advisory Board Members

On September 18, 2015, the CFPB announced that it was appointing new members to the Consumer Advisory Board, Community Bank Advisory Council, and the Credit Union Advisory Council. These three bodies advise CFPB leadership on...more

House Financial Services Committee Passes Bill to Change Management Structure of CFPB

Wednesday, the House Financial Services Committee passed by 35 to 24, H.R. 1266, which would replace the CFPB’s sole director with a bipartisan, five-member Commission. Also, the Committee passed 56 to 3, H.R. 957, which...more

CFPB announces new appointments to advisory groups

The CFPB announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, and Credit Union Advisory Council. New members to the Consumer Advisory Board will serve three-year terms and...more

Financial Regulatory Developments Focus - August 2015 #3

In this week's newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset...more

Former CFPB Deputy Director joins Eastern Bank

The American Banker reported earlier this week that Steven Antonakes, the former CFPB Deputy Director, has joined Eastern Bank in Boston as a senior vice president and chief compliance officer. According to the article, the...more

More on the CFPB’s administrative law judge job posting

We reported earlier this week that the CFPB had recently posted a job opening for an administrative law judge (ALJ) and that the government jobs website indicated that the position was closed. We saw this as suggesting that...more

Meredith Fuchs named today as Acting Deputy Director of the CFPB

Meredith Fuchs, the General Counsel of the CFPB, has been named today by Director Cordray to be the Acting Deputy Director of the CFPB effective August 1, 2015. The CFPB previously announced that the existing Deputy Director...more

Legislation Introduced to Modify CFPB Structure: Will It Gain Traction?

Earlier this month, a year after the House passed a bill to change the structure of the Consumer Financial Protection Bureau (CFPB), Rep. Randy Neugebauer (R-Tex.) again introduced legislation that would modify the structure...more

CFPB seeking new members for advisory groups

The CFPB has published a notice in the Federal Register announcing that it is seeking applications from persons interested in becoming members of its Consumer Advisory Board, Community Bank Advisory Council, or Credit Union...more

CFPB Appoints Former Assistant U.S. Attorney As Head of Enforcement

On January 6, the CFPB appointed former federal prosecutor Tony Alexis as the head of its enforcement division. Alexis has served as the acting Director for over a year while his predecessor, Kent Markus, has been on medical...more

Consumer Financial Protection Bureau Names New Enforcement Chief

The Consumer Financial Protection Bureau announced last week that Tony Alexis, the acting director of enforcement, will become the CFPB’s next director of enforcement. Alexis succeeds Kent Markus, the bureau’s enforcement...more

CFPB makes two leadership changes

According to the Wall Street Journal, the CFPB is making two changes in leadership. Tony Alexis, who previously served as Deputy Director of Enforcement Field Litigation and is currently serving as Acting Director of...more

CFPB Announces New Senior Hires

On August 28, the CFPB announced several new hires, as well as the appointments of new consumer finance experts to its Advisory Board, Community Bank Advisory Council, and Credit Union Advisory Council. Director Cordray...more

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

The CFPB has announced a senior leadership change and two new new hires. It also announced new appointments to its Consumer Advisory Board, Community Bank Advisory Council, and Credit Union Advisory Council....more

CFPB Announces New Leadership Positions

Today, the CFPB announced four individuals to serve in new leadership roles at the Bureau: Cheryl Parker Rose will serve as Assistant Director for the Office of Intergovernmental Affairs, which is responsible for...more

Senate Democrats Complete Battle Lines Over CFPB Nomination

On February 14, 54 of the 55 Senators in the Democratic caucus joined a letter to President Obama supporting the nomination of Richard Cordray to lead the CFPB and expressing opposition to “efforts to weaken the CFPB through...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - February 1, 2013

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - FIRM NEWS - FIRM PUBLICATIONS - MORTGAGES - BANKING - CONSUMER FINANCE - SECURITIES - CREDIT CARDS - E-COMMERCE - PRIVACY/DATA SECURITY -...more

President Obama Re-nominates Richard Cordray For CFPB Director, Nominates Mary Jo White For SEC Chair

On January 24, President Obama announced his re-nomination of current CFPB Director Richard Cordray. Mr. Cordray has led the Bureau since January 2012 when President Obama used his recess appointment authority to install the...more

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