CFPB Names New Acting Deputy Director

The Consumer Financial Protection Bureau (CFPB) has named a new Acting Deputy Director, following the announced resignation of Steven Antonakes last week.

Meredith Fuchs will serve as the Acting Deputy Director at the agency after Antonakes departs at the end of July, the CFPB announced Wednesday afternoon.

Earlier this month, Fuchs announced her intention to step down as General Counsel for the CFPB, however, she will continue to serve in this role as well as Acting Deputy Director until a permanent replacement is selected for each position.

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Prior to joining the CFPB in 2011, Fuchs served as chief investigative counsel of the U.S. House of Representatives Committee on Energy and Commerce. She also previously held positions as vice president and general counsel of the National Security Archive at George Washington University.

“Meredith’s experience and vision have helped build the Bureau since before we opened our doors, and I could not be more pleased that she has agreed to take on the role of Acting Deputy Director,” said CFPB Director Richard Cordray in a written statement. “I am deeply grateful to Steve and Meredith for their contributions to the CFPB and the American public we serve.”

Antonakes currently serves as both Deputy Director and Associate Director for the Division of Supervision, Enforcement, and Fair Lending (SEFL) at the Bureau.

Last week, via an internal memo, Antonakes announced that he is stepping down from his role at the government agency.

“Having commuted from Boston for nearly five years, I have logged hundreds of thousands of miles and missed entirely too many class plays, teacher conference meetings, and little league games,” Antonakes wrote in the email, obtained by RMD from the CFPB. “Accordingly, I have decided to return home to Massachusetts and pursue opportunities that will ensure that I am home for dinner with my wife and family and can assist my five children with their homework.”

David Bleicken, who currently serves as deputy associate director for the SEFL, will serve as Acting Associate Director for that division while a search for a replacement is conducted.

Written by Jason Oliva