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Treasury Names Five Consumer Financial Protection Bureau Leaders

During a week of financial regulation funding discussions prompted by the release of President Obama’s proposed 2012 budget, the U.S. Treasury Department announced hires for the leadership of the Consumer Financial Protection Bureau (CFPB) implementation team on Thursday.

Elizabeth Warren, assistant to President Obama and special advisor to the secretary of the treasury for the CFPB, who was appointed earlier to lead the formation of the bureau, outlined the team: Raj Date as Associate Director for Research, Markets and Regulations; Patricia McCoy to lead the Mortgage and Home Equity Markets team; and Cory Stone as leader of Credit Information Markets.

Other team members announced were Zixta Martinez, who will serve as assistant director for community affairs and Elizabeth Vale as assistant director for community banks and credit unions.

“Building a team to develop smarter financial regulations means hiring top-notch leaders with a wide range of experiences,” said Warren. “Raj Date and his team bring a wealth of experience in the financial services industry, government, non-profits, community banking, and academia that will help us build a world-class Research, Markets, and Regulations team to keep the CFPB on the cutting edge of developments that will impact millions of Americans.”

Written by Elizabeth Ecker