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Financial Services Law Insights and Observations

FTC Announces Departure of Consumer Protection Director

FTC

Federal Issues

On December 17, the FTC announced that the Director of its Bureau of Consumer Protection, David Vladeck, will leave the agency on December 31, 2012. Since taking the position in 2009, Mr. Vladeck has led the Bureau’s focus on financial fraud and consumer privacy. Charles Harwood, who currently serves as a Deputy Director in the Bureau, will take over as Acting Director of the Bureau of Consumer Protection. The FTC also announced that Eileen Harrington, the agency’s Executive Director, will retire at the end of year, and that Pat Bak, who currently serves as Deputy Executive Director, will serve as Acting Executive Director.