Former CFPB staffer named Florida's banking commissioner
Ronald Rubin, a former enforcement attorney at the Consumer Financial Protection Bureau, has been chosen as Florida's banking commissioner.
Rubin was appointed by the state's Financial Services Commission, which includes the governor and attorney general, as head of the Office of Financial Regulation. The office oversees 194 state-chartered banks, 110,244 nonbank licensees and more than 345,300 securities registrants and offices, according to its website.
“I’m honored to have been chosen by the Financial Services Commission to serve Floridians as the leader of the OFR,” Rubin said in a press release Tuesday. “Last year’s federal tax bill made Florida even more attractive for businesses, and I plan to focus on policies that encourage financial innovation, address evolving industry concerns, and, of course, fight fraud in the Sunshine State.”
Rubin was an enforcement attorney at the CFPB beginning in May 2011 before joining the private law firm Hunton & Williams 18 months later. He then served as senior counsel and chief adviser to the House Financial Services Committee from April to December 2015. Since then, he was “taking time off to focus on writing,” according to his LinkedIn page.
Florida has not had a formal OFR commissioner since June of last year, when then-Commissioner Drew Breakspear resigned over conflicts with Florida CFO Jimmy Patronis, according to media reports. Breakspear had served in the role for seven years.