Administrative Resignation

News & Analysis as of

Holly Petraeus to retire from CFPB

According to Politico, Holly Petraeus, Assistant Director of the CFPB’s Office of Servicemember Affairs, will be retiring from the CFPB. During her tenure at the CFPB, the protection of military servicemembers and their...more

UK Financial Regulatory Developments - July 2016 #5

Commission reports on FCD - The Commission has reported on the appropriateness of Article 3(1) of the Financial Collateral Arrangements Directive (FCD). The FCD established a framework for the creation and enforcement of...more

So You Need A New Board Member: Legal Concerns When Filling Vacancies

For better or worse, elected municipal officials (such as school board members) are sometimes unable to complete their term of office, and thus boards of education are faced with having to fill vacancies. Here is a brief...more

California’s Top Oil Regulator Resigns, Ken Harris to Take his Place

On Monday, November 30, California Department of Conservation Division of Oil, Gas and Geothermal Resources (“DOGGR”) Supervisor Steven Bohlen submitted his resignation to Governor Jerry Brown, less than 18 months after...more

New York’s Acting Superintendent Albanese Announces His Departure

Albanese has been Acting Superintendent of Financial Services — which was created in 2011 after the merger of the state's banking and insurance departments — since Superintendent Lawsky stepped down in June. Gov. Andrew Cuomo...more

FERC Commissioner Philip Moeller Announces Plans to Depart Agency Later This Month

Commissioner Philip Moeller of the Federal Energy Regulatory Commission (FERC) this afternoon announced his intention to leave FERC at the end of October 2015. Although Moeller’s term expired in June 2015, he was allowed to...more

News from Second and State

On the legislative front, the Senate was not in session this week, and the House of Representatives only held voting session on Tuesday and Wednesday. Committee meetings were few and far between; however, on Tuesday the...more

CFPB’s No. 2 to Resign, American Banker Reports

After two years in the CFPB’s No. 2 spot, Steven Antonakes is reportedly resigning from the Bureau. American Banker has reported that it obtained an internal agency memo in which the Deputy Director announced to staff that he...more

Deputy Director Antonakes to leave CFPB

According to the American Banker and Politico, Deputy Director Steven Antonakes is leaving the CFPB to pursue opportunities in Massachusetts, his home state. Mr. Antonakes, the CFPB’s second-in-command, has been with the...more

Rohit Chopra to leave CFPB

The Wall Street Journal and Politico have reported that Rohit Chopra, the CFPB’s student loan ombudsman, will be leaving the CFPB next week. According to the reports, Mr. Chopra did not indicate in his resignation letter to...more

Changes Coming At The SEC

According to the WSJ, SEC Commissioner Daniel Gallagher is resigning from his position prior to the end of his term, which would otherwise conclude in 2017. The article reports that he will continue as a Commissioner until...more

Director of FDIC Submits Resignation

On May 8, the Director of the FDIC Jeremiah O. Norton submitted his resignation, effective Jun 5, 2015. Norton has served as Director since April 16, 2012....more

Also In The News - Health Headlines Jan 2015 #4

CMS Administrator Marilyn Tavenner to Resign in February – CMS Administrator Marilyn Tavenner announced on January 16, 2015 that she will resign her position at the end of February. Tavenner has served in her position since...more

Commissioner Roche Has Resigned. What Now?

The announcement this week did not give Commissioner Roche’s reason for resigning, only that she was returning to private practice. We can speculate, but regardless of the reason, her leaving will be a great loss to the...more

Secretary of Labor Hilda Solis Announces Her Resignation

U.S. Department of Labor Secretary Hilda L. Solis announced her resignation in a letter to Department of Labor (DOL) employees on January 9, 2013. Just 12 days before the ceremonial swearing-in of President Barack Obama for a...more

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