The Wall Street Journal reports that a CFPB spokesperson confirmed Date will step down ‘after the CFPB finalizes the slate of mortgage rules Congress mandated.’ The CFPB has yet to issue a formal announcement on Date's planned departure, nor has a replacement been named.
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 adviser 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 via a presidential recess appointment. Date was appointed deputy director by Cordray on Jan. 5.
According to the CFPB spokesperson, Date has not announced any career plans after he leaves the agency.