According to Bloomberg Law, beginning on March 9, Leonard Chanin will serve as part-time CFPB Acting Deputy Director.  Brian Johnson, the CFPB’s current Deputy Director, is scheduled to leave the agency on March 6.

Leonard is currently serving as Deputy to FDIC Chairman Jelena McWilliams and will continue in that position while serving as CFPB Acting Deputy Director.  Leonard has spent many years in government service, including as Assistant Director of the CFPB’s Office of Regulations and, before joining the CFPB, as Director of the Fed’s Division of Consumer and Community Affairs.

A hearty congratulations to Leonard on receiving this appointment as the “No. 2 person” at the CFPB.  We have known and worked with Leonard for decades and he is, without a doubt, one of the most knowledgeable consumer financial services lawyers in the country.  I am delighted that Leonard will be joining us as the FDIC’s representative on the “Federal Regulators Speak” panel at PLI’s 25th Annual Consumer Financial Services Institute in New York City on March 23, 2020.  To register and obtain a 25% discount on the registration fee as a client or friend of our firm, please click here and use the code RGA0 KAP25 at checkout.