CFPB No. 2 Raj Date to Step Down From Post

After nearly two years spent establishing and leading the Consumer Financial Protection Bureau as deputy director to Director Richard Cordray, Raj Date announced through the bureau this week he will be leaving his position in January. 

The change comes following the January 1 deadline for several mortgage rule makings the bureau currently has in progress. 

“Deputy Director Raj Date is leaving the consumer bureau he helped to establish on January 31, after the CFPB finalizes the slate of mortgage rules Congress mandated,” said CFPB spokeswoman Jen Howard. “Raj has spent more than two years building the agency at a breakneck pace, playing a number of key leadership roles. He was one of the first members of the CFPB implementation team at the Treasury Department, serving as senior advisor to Elizabeth Warren, and later as the first associate director of the Research, Markets, and Regulations division.”

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Date served the bureau prior to the controversial recess appointment of Director Cordray, spearheading its leadership through its early months of operation. 

After Warren’s departure, Date took over her role as special advisor to the Secretary of the Treasury and led the agency until Cordray’s appointment. 

“Raj has no current plans for his career after the CFPB, other than to spend more time with his family,” Howard said. 

Written by Elizabeth Ecker

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