Former CFPB Executive Opens Washington Consulting Firm

Posted by Orb Staff on April 18, 2013 No Comments
Categories : Residential Mortgage

13678_raj_date Former CFPB Executive Opens Washington Consulting Firm Raj Date, the former deputy director of the Consumer Financial Protection Bureau (CFPB), has re-emerged as the head of a new bank consulting firm.

TheHill.com reports that Date is opening Fenway Summer, based in Washington, D.C. Date says that his new firm will be involved in ‘advising large financial companies, supporting merger and acquisitions through private equity partnership and incubating start-up businesses.’

Date, a former Wall Street executive, originally joined the CFPB as associate director of research, markets and regulations. He replaced Elizabeth Warren as the U.S. Treasury Secretary's special advisor on the CFPB after the White House bypassed Warren to nominate Richard Cordray to become the agency's first director. Date was the unofficial head of the agency until Cordray assumed the directorship on Jan. 4, 2012, via a presidential recess appointment. Cordray appointed Date deputy director the next day. Date left the CFPB at the end of January.

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