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Financial Services Law Insights and Observations

CFPB announces new chiefs for supervision and enforcement

Federal Issues CFPB Supervision Enforcement

Federal Issues

On October 29, the CFPB announced two significant leadership changes within the Bureau. Lorelei Salas will serve as the Assistant Director for Supervision Policy as well as the Acting Assistant Director for Supervision Examinations. Salas’ experience prior to joining the Bureau includes serving as Commissioner of the New York City Department of Consumer and Worker Protection where she focused on pursuing corporations that employed unlawful, predatory practices targeting low-income and immigrant consumers. Her background also includes expertise in immigration, housing, and employment, as well as consumer and worker protection laws.

Eric Halperin will serve as Assistant Director for the Office of Enforcement. Halperin previously served as executive director at a legal defense nonprofit group and served in the Obama administration as the acting Deputy Assistant Attorney General, overseeing the civil rights division’s fair housing, fair lending and employment non-discrimination enforcement program.