Treasury Shares Plan for Leadership Transition at CFPB

Raj Date will replace Elizabeth Warren in her role asrnSpecial Advisor to the Secretary of the Treasury for the Consumer FinancialrnProtection Bureau (CFPB) as the Bureau officially opens its doors.  Date’s appointment will be effective August 1rnas Warren leaves Washington to resume her position as Leo Gottlieb Professor atrnHarvard University’s School of Law.</p

Despite strong and vocal public support PresidentrnBarack Obama declined to name Warren to run the CFPB, an agency she almostrnsingle-handedly created, ostensibly because she could not get the required 60rnvotes to be confirmed by the Senate. rnInstead he has announced the nomination of Former Ohio Attorney GeneralrnRichard Cordray to be the Bureau’s first director.</p

Raj Date currentlyrnserves as Associate Director of Research, Markets, & Regulations at CFPB.rnHe oversees several offices including Research, Regulations, Card Markets,rnMortgage Markets, Credit Information Markets, Deposit Markets, and SpecialtyrnFinance Markets.  Before joining CFPB,rnDate worked for more than a decade in the financial services industry, both atrnCapital One Financial, where he was a Senior Vice President, and later as arnManaging Director at Deutsche Bank.  Hernfounded and served as Chairman, and Executive Director of the Cambridge WinterrnCenter, a non-profit, nonpartisan organization dedicated to fostering anrninformed discourse on U.S. financial institutions policy. He is a graduate ofrnthe University of California at Berkeley and Harvard Law School.â€