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Financial Services Law Insights and Observations

CFPB Names Acting Deputy Director

CFPB

Consumer Finance

On January 31, the CFPB announced that Steve Antonakes will serve as acting Deputy Director, following the previously announced departure on the same day by Deputy Director Raj Date. Mr. Antonakes currently serves as the CFPB’s Associate Director for Supervision, Enforcement, and Fair Lending. He will retain all the responsibilities of that position while also serving as acting Deputy Director. Mr. Antonakes is a former state financial services regulator who joined the CFPB in November 2010 and last year was promoted from Assistant Director for Large Bank Supervision. Mr. Date was the first Deputy Director of the CFPB, and brought to the position his experience as a strategy consultant and bank executive.