Former FHA Advisor McClung Among New CFPB Senior Leaders

The Consumer Financial Protection Bureau (CFPB) recently announced the newest key players to join its ranks, including a former Federal Housing Administration official. 

Patricia McClung, Janneke Ratcliffe and Will Wade-Gery are among the bureau’s newest senior leaders.

McClung, who recently worked at Federal Housing Administration (FHA) as a senior housing policy advisor, is joining CFPB as assistant director for mortgage markets.

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In January of this year, McClung became the acting director of program development in single family housing, with responsibility for the home mortgage insurance division, valuation division, and program support divisions.

Before joining FHA, McClung worked at Realtors Property Resource, a technology subsidiary of National Association of Realtors. A veteran of the mortgage industry, the majority of McClung’s career was spent at Freddie Mac where she held numerous positions throughout the agency. 

Ratcliffe joins the CFPB as assistant director for financial education. Since 2005, Ratcliffe has served as executive director at the Center for Community Capital, at the University of North Carolina at Chapel Hill.

Before serving at UNC, Ratcliffe spent seven years working at Self-Help Ventures Fund, a U.S. community development institution, and prior to that, 10 years at GE Capital in mortgage and mortgage insurance.

Assuming the role of assistant director for card and payments markets is Wade-Gery, who has been serving in the same position since January as the acting assistant director. 

Before joining the CFPB, he was a partner in the financial services practice at Morrison & Foerster LLP in New York. Prior to that, Wade-Gery worked as a consultant at the World Bank. 

New Consumer Advisory Board, Community Bank Advisory Council and Credit Union Advisory Council members were also recently announced.

“These new members of our advisory board and councils will provide valuable input to help us better understand the consumer financial marketplace, says CFPB Director Richard Cordray in a written statement.

Written by Cassandra Dowell

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