Raj V. Date
Raj Date is the Managing Partner of Fenway Summer LLC, a Washington, DC-based venture investment firm focused on financial services.
Raj is the chairman of the investment committee for the firm's venture capital affiliate, Fenway Summer Ventures. Raj serves on the Boards of Directors for two Fenway Summer-sponsored startups: a mass-market credit card venture. FS Card, and a wholesale mortgage originator, Ethos Lending. He also serves as a Director for a number of other innovative, high-growth firms in consumer finance, including Prosper, the peer-to-peer lender; Circle, the digital currency firm; College Avenue, a startup private student lender; and Kensington Vanguard, a national title insurance agent.
Through his role as a senior adviser to the Promontory Financial Group, Raj counsels a select group of banks, finance companies, and financial sponsors on strategic, financial, and regulatory issues.
For Raj, Fenway Summer is the latest chapter in a long and varied career in and around U.S. financial institutions ó as a senior policymaker, as a bank executive, and on Wall Street.
Raj was the first-ever Deputy Director of the U.S. Consumer Financial Protection Bureau (CFPB). As the Bureauís second-ranking official, he helped steward the CFPBís strategy, its operations, and its policy agenda. He also served on the senior staff committee of the Financial Stability Oversight Council, and as a statutory deputy to the FDIC Board.
Before being appointed Deputy Director, Raj acted as the interim leader of the new agency, serving as the Special Advisor to the Secretary of the Treasury. He led the CFPB for most of the first six months after its launch.
Before his time in public policy, Raj was a Managing Director in the Financial Institutions Group at Deutsche Bank Securities, where he led the firmís investment banking coverage for the largest U.S.-based banks and thrifts. His client work focused on calibrating credit deterioration, evaluating capital-raising alternatives, and generating liquidity. Before that, Raj was Senior Vice President for Corporate Strategy and Development at Capital One Financial, where he led M&A development efforts across the U.S. banking and specialty finance markets. He began his business career in the financial institutions practice of the consulting firm McKinsey & Company. He has also served as an attorney in both private practice and government service.
He is a graduate of the College of Engineering at the University of California at Berkeley (highest honors) and the Harvard Law School (magna cum laude).