CFPB Names New Senior Leaders, Advisory Board And Council Members

Posted by Patrick Barnard on August 29, 2014 No Comments
Categories : Residential Mortgage

The Consumer Financial Protection Bureau (CFPB) has appointed several new leaders within the bureau, as well as new consumer finance experts from outside the federal government to the CFPB's Consumer Advisory Board, Community Bank Advisory Council and Credit Union Advisory Council.

As reported recently, Patricia McClung joins the CFPB as assistant director for mortgage markets.

McClung previously was senior housing policy advisor at the Federal Housing Administration (FHA). In January, McClung became the acting director of program development in single-family housing. Before joining the FHA, she worked at Realtors Property Resource, a technology subsidiary of the National Association of Realtors. However, the majority of her career was spent at Freddie Mac, where she held numerous positions throughout the agency.

Janneke Ratcliffe joins the CFPB as assistant director for financial education.

Since 2005, she served as executive director of the Center for Community Capital at the University of North Carolina, Chapel Hill. She was also a senior fellow at the Center for American Progress. Before that, Ratcliffe spent seven years working at Self-Help Ventures Fund, a community development institution. She also spent 10 years at GE Capital in mortgage and mortgage insurance.

Will Wade-Gery will serve as the assistant director for card and payments markets.

Since January, Wade-Gery has been serving in the same position as the acting assistant director. Prior to being named acting assistant director, he served as senior counselor on the card and payments markets team. Before joining the bureau, he was a partner in the financial services practice at Morrison & Foerster LLP in New York. Prior to that, Wade-Gery worked as a consultant at the World Bank.

The CFPB has also appointed members of the Consumer Advisory Board, Community Bank Advisory Council and Credit Union Advisory Council. The newly appointed board and council members include experts in consumer protection, financial services, community development, fair lending, civil rights, and consumer financial products or services, as well as representatives of community banks and credit unions.

New members to the Consumer Advisory Board will serve three-year terms, and new members to the Community Bank and Credit Union Advisory Councils will serve two-year terms.

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