Dodd-Frank Reform Watch
Sponsored by

Date's Planned Departure from CFPB Spurs Concern

Partner Insights

The news that the Consumer Financial Protection Bureau's Deputy Director Raj Date will be leaving the agency has provoked anxiety in banking circles.

Despite much industry opposition to the creation of the new agency, "Date — a former banker — was viewed as a moderating influence who listened to their concerns," writes American Banker’s Rachel Witkowski.

"Time and time again [Date’s experience] became the factor in laying aside certain fears," said Isaac Boltansky of Compass Point Trading & Research.

Date will stay with the CFPB until Jan. 31, after the Dodd-Frank mandated rules for mortgages have been finalized.  But "to the extent that further revisions of rules are made, he won’t be there to provide that expertise," says David Luigs of  Debevoise & Plimpton LLP.

For the full piece see "CFPB Departure Triggers Concern by Banks" (may require subscription).




'I Want a Tom O'Brien Action Figure Doll': Comments of the Week

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of articles and from our social media platforms.

(Image: Bloomberg News)

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.


As Dodd-Frank's impact continues to be felt far beyond banks' compliance departments, American Banker is your eyes and ears. In addition to our award-winning coverage, we now also scour a range of resources to aggregate even more of the news you need on this vital topic.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.