The CFPB announced that the following individuals are joining its senior leadership team:

  • Leandra English is returning to the CFPB to serve as the Chief of Staff.  Ms. English previously served in several senior CFPB leadership roles, including deputy chief operating officer, acting chief of staff, deputy chief of staff, and deputy associate director of external affairs.  Most recently, Ms. English served as the principal deputy chief of staff at the Office of Personnel Management.
  • Jerry Horton will serve as the CFPB’s Chief Information Officer.  Before joining the CFPB, Mr. Horton worked at the Department of State where he started and led the Office of the Chief Architect for State’s global information presence.  He also previously served as the chief information officer at the U.S. Agency for International Development and at the U.S. Mint in the Department of the Treasury.
  • Paul Kantwill will serve as the CFPB’s Assistant Director for Servicemember Affairs.  Prior to joining the CFPB, Mr. Kantwill served as the director of the Pentagon’s Office of Legal Policy, Office of the Under Secretary of Defense, Personnel & Readiness.  In that position, Mr. Kantwill was the Department of Defense’s legal policy expert on the financial industry and the effects of financial products and services on military members and their families.
  • John McNamara will serve as the CFPB’s Assistant Director of Consumer Lending, Reporting, and Collections Markets.  Mr. McNamara previously served in the same capacity in an acting role, and before that was the CFPB’s debt collection program manager.
  • Elizabeth Reilly will serve as the CFPB’s Chief Financial Officer.  Ms. Reilly previously served as the CFPB’s deputy chief financial officer.

The CFPB has announced the following senior leadership changes:

  • Stacy Canan will serve as the CFPB’s Assistant Director for the Office for Older Americans.  Ms. Canan had been serving as the deputy assistant director for the Office for Older Americans since joining the Bureau in November 2012.  Before joining the CFPB, Ms. Canan was the managing attorney at the AARP Foundation Litigation group where she handled consumer protection and healthcare cases nationwide.
  • John Coleman will serve as the CFPB’s Deputy General Counsel for Litigation and Oversight in the Legal Division. Since joining the Bureau in November 2010, Mr. Coleman has served as the assistant general counsel for litigation, and as senior litigation counsel.  Before joining the Bureau, Mr. Coleman worked as a trial attorney in the Department of Justice’s Federal Programs Branch.
  • Sonya White will serve as the CFPB’s Deputy General Counsel for General Law and Ethics in the Legal Division.  Ms. White previously served as the Bureau’s assistant general counsel for general law and ethics.  Before joining the CFPB in February 2013, Ms. White worked as the deputy chief counsel at the U.S. Treasury Department, Bureau of Engraving and Printing.

The CFPB has announced the following senior leadership changes:

  • Chris D’Angelo will serve as the CFPB’s Associate Director for Supervision, Enforcement and Fair Lending.  Mr. D’Angelo is currently the Bureau’s chief of staff.  He replaces David Bleicken, who has been serving as the Acting Associate Director since the departure of Steven Antonakes from the CFPB last July.  (Mr.  Antonakes held the title of CFPB Deputy Director as well as Associate Director for Supervision, Enforcement and Fair Lending.)
  • Richard Lepley will serve as the CFPB’s Principal Deputy General Counsel in the Office of the General Counsel in the Legal Division.  For the past five years, Mr. Lepley has worked as the CFPB’s deputy general counsel for general law, ethics and oversight.
  • Nellisha Ramdass will serve as the CFPB’s Deputy Chief Operating Officer.  Previously, Ms. Ramdass was in charge of team operations in the Office of Technology and Innovation including serving as the acting deputy chief information officer.

Earlier this week, the CFPB announced the addition of several new members to its senior leadership team.

The announcement included the news that the CFPB has filled the position of Assistant Director for the Office of Small Business Lending Markets.  The CFPB’s job posting indicated that the Assistant Director would head the CFPB’s team involved in developing rules to implement the small business lending data requirements of Dodd-Frank Section 1071.  Section 1071 amended the Equal Credit Opportunity Act to require financial institutions to collect and maintain certain data in connection with credit applications made by women- or minority-owned businesses and small businesses.  Such data includes the race, sex, and ethnicity of the principal owners of the business.  Presumably, the hiring of the Assistant Director means that the CFPB will now move forward on rulemaking.

The leadership additions announced by the CFPB were the following:

  • Grady Hedgespeth will serve as the Assistant Director for the Office of Small Business Lending Markets.  Before joining the CFPB, Mr. Hedgespeth served as the Director of the Office of Economic Opportunity for the U.S. Small Business Administration.  He originally joined the Small Business Administration in 2007 as the Director of the Office of Financial Assistance where he oversaw the agency’s business lending programs.  Before working in government, Mr. Hedgespeth led two different national small business community development financial institution lenders and created several businesses focused on underserved markets at some of the nation’s largest banks.
  • Seth Frotman will serve as the CFPB’s Student Loan Ombudsman and Assistant Director for the Office for Students and Young Consumers.  Mr. Frotman had been serving in the same positions on an acting basis.  He originally joined the CFPB as part of the Treasury Implementation Team in early 2011 as senior advisor to Holly Petraeus, the Assistant Director for the Office of Servicemember Affairs.
  • Elizabeth Ellis will serve as the Deputy Associate Director for the External Affairs Division.  Ms. Ellis previously served as the CFPB’s Deputy Assistant Director for the Office of Financial Institutions and Business.  Before that, she served as the Senior Advisor to the CFPB’s Chief of Staff.
  • Katherine Gillespie will serve as the Deputy Associate Director for the Consumer Education and Engagement Division. Ms. Gillespie previously served in the same position on an acting basis. Before that, Ms. Gillespie served as Senior Counsel to the CFPB’s Bureau’s Deputy Director and the Associate Director of the Supervision, Enforcement, and Fair Lending Division.  Ms. Gillespie originally joined the CFPB in 2011 as a senior counsel in the Office of Fair Lending and Equal Opportunity.
  • Chris Johnson will serve as the Assistant Director for the Office of Consumer Response.  Mr. Johnson previously served in the same position on an acting basis.  He joined the Office of Consumer Response in January 2011 as a member of the Treasury Implementation Team.  Within the Office of Consumer Response, Mr. Johnson has worked as the Deputy Assistant Director, a section chief, and a quality assurance manager.
  • John Schroeder will serve as the Midwest Regional Director for the Office of Supervision Examinations.  Mr. Schroeder previously served in the same position on an acting basis.  He joined the CFPB in March 2013 and before becoming an acting regional director, he worked as the Assistant Regional Director and as a field manager in the Midwest region.

We note that the CFPB has still not filled the position of Deputy Director, which has been open since Steven Antonakes resigned in July 2015.  Following Mr. Antonakes’ departure, Meredith Fuchs served as Acting Deputy Director.  In January 2016, the CFPB announced that David Silberman would replace Ms. Fuchs as the CFPB’s Acting Deputy Director.

 

Last Friday, the CFPB announced the following additions to its senior leadership team:

  • Leandra English will serve as the CFPB’s Deputy Chief Operating Officer.  Ms. English previously served as a senior advisor and chief of staff to the Office of Management and Budget’s Deputy Director of Management.  Before joining the OMB, Ms. English helped to launch the CFPB, working in a number of senior leadership roles including deputy chief of staff.
  • Agnes Bundy Scanlan will serve as the CFPB’s Northeast Regional Director of Supervision Examinations.  Mrs. Bundy Scanlan previously worked as a senior risk advisor at Treliant Risk Advisors and as the Chief Compliance Officer at TD Bank.
  • Jeffrey Sumberg will serve as the CFPB’s Chief Human Capital Officer.  Mr. Sumberg  previously worked as a senior leader in the human capital practice of Deloitte Consulting and as a senior executive with the U.S. Office of Personnel Management where he directed human capital programs.

In its announcement, the CFPB confirmed that Anthony Alexis will become the CFPB’s Assistant Director of Enforcement.  Mr. Alexis previously served as Acting Assistant Director of Enforcement and replaces Kent Markus, who will become Senior Counsel to CFPB Deputy Director Steven Antonakes.   (Our previous report about these changes incorrectly stated that Mr. Alexis’s new title would be Director of Enforcement.  While the CFPB’s announcement indicates that his title will be Assistant Director of Enforcement, he will continue to lead the CFPB’s Office of Enforcement.)

The CFPB announced today that the following individuals are joining its leadership team: 

  • Cheryl Parker Rose to serve as Assistant Director for the Office of Intergovernmental Affairs.  Most recently, Ms. Rose was Deputy Director of U.S. Government Relations for the Bill and Melinda Gates Foundation, and from 2007 to 2010 she was Senior Advisor and Director of Intergovernmental Affairs for Speaker Nancy Pelosi.
  • Christopher Carroll to serve as the Assistant Director and Chief Economist for the Office of Research.  Dr. Carroll is a professor of economics at Johns Hopkins University, from which he will take a leave of absence while serving at the Bureau.  He also is a member of the Board of Directors of the National Bureau of Economic Research, and the co-chair of the NBER Research Group on Consumption.  Dr. Carroll is scheduled to begin at the Bureau in January.  Until then, Dr. Ron Borzekowski, the current Deputy Assistant Director, will serve as the Acting Assistant Director.
  • Kathleen Ryan to serve as the Deputy Assistant Director for the Office of Regulations.  Prior to joining the CFPB, Ms. Ryan served as Senior Regulatory Counsel at JPMorgan Chase & Co. where she focused on regulatory issues impacting mortgage and other consumer businesses, and on fair lending issues.  Ms. Ryan also previously served as Senior Counsel in the Fed’s Division of Consumer and Community Affairs where she worked on the drafting of several major consumer protection rules.
  • Elizabeth Ellis to serve as the Deputy Assistant Director for the Office of Financial Institutions and Business Liaison.  Ms. Ellis previously served as Senior Advisor to the CFPB’s Chief of Staff.  Prior to joining the CFPB, Ms. Ellis was a financial analyst at the Congressional Oversight Panel, where she evaluated the Troubled Asset Relief Program and reviewed the state of financial markets and the regulatory system.

With the first anniversary of when it officially opened its doors for business only a month away, the CFPB has made several changes in its leadership.  The changes announced this week include new positions for four existing senior staff members and the addition of two new senior staff members from outside the CFPB.  Among the changes in existing staff is the move of  Len Kennedy from General Counsel to Senior Advisor and Counselor to Director Cordray.  Mr. Kennedy’s replacement as General Counsel will be Meredith Fuchs who had been serving as Director Cordray’s Chief of Staff.