CFPB Announces Acting Deputy Director as Date Departs

The ""Consumer Financial Protection Bureau"":http://www.consumerfinance.gov/ (CFPB) announced Steve Antonakes will serve as acting deputy director while the agency continues searching for a replacement for departing deputy director Raj Date.

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""CFPB announced in November"":https://themreport.com/articles/cfpb-deputy-director-to-leave-bureau-2012-11-14 that Date would depart at the end of January 2013.

Antonakes' background includes more than two decades as a financial services regulator. He began his professional career as an entry level bank examiner with the Commonwealth of Massachusetts Division of Banks in 1990, serving in managerial positions before being [COLUMN_BREAK]

appointed by successive governors to serve as the commissioner of banks from December 2003 to November 2010.

In addition, he served as the first state voting member of the Federal Financial Institutions Examination Council (FFIEC), as the vice chairman of the Conference of State Bank Supervisors (CSBS), and as a founding member of the governing board of the Nationwide Mortgage Licensing System (NMLS).

Antonakes first joined CFPB in November 2010 as the assistant director of large bank supervision and was named the associate director for supervision, enforcement, and fair lending in June 2012. As he assumes his temporary role, he will maintain responsibility for his current associate director duties.

""We will be forever grateful to Deputy Director Raj Date for his tremendous work to protect American consumers,"" said CFPB director Richard Cordray. ""Although we will miss Raj, he has helped to build a strong, talented team and I am pleased that Steve will be taking on the role of acting deputy director.

""Steve's knowledge, expertise, and judgment will continue to be invaluable as we move forward with our important work--making markets work for consumers and responsible businesses.""