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Financial Services Law Insights and Observations

CFPB Announces New Senior Hires

CFPB

Consumer Finance

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 indicated that the new personnel “provide valuable input to help [the CFPB] better understand the consumer financial marketplace.” The positions announced include Patricia McClung as Assistant Director for Mortgage Markets, Janneke Ratcliffe as Assistant Director for Financial Education, and Will Wade-Gery as Assistant Director for Card and Payments Markets. Persons named to the Advisory Board, Community Bank Advisory Council and the Credit Union Advisory Council are “experts in consumer protection, financial services, community development, fair lending, civil rights, and consumer financial products or services.”