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Raj Date Named CFPB Deputy Director

Richard Cordray, director of the ""Consumer Financial Protection Bureau"":http://www.consumerfinance.gov (CFPB) has named Raj Date the agency's first deputy director. Date has been leading the day-to-day operations of the bureau since it launched in July.

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""Raj Date is one of the most extraordinary colleagues I have ever worked with,"" Cordray commented. ""His experience and knowledge of the financial services industry is invaluable to the CFPB. And, for the past six months, his thoughtful leadership has set a strong tone that will forever guide the CFPB's approach.""

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Cordray continued, ""With Raj's advice and support as the deputy director â€" and with the CFPB's full authorities in place â€" I look forward to building on the work already underway to fulfill the CFPB's mission of making consumer financial markets more fair, transparent, and competitive.""

Date's background includes more than a decade in the financial services industry, with tenures at Capital One Financial and Deutsche Bank AG. He first joined the CFPB as head of its research, markets, and regulations division. Shortly after the CFPB launched, Treasury Secretary Timothy Geithner named Date the Treasury's special advisor on the CFPB.

Cordray also named Kent Markus to the position of assistant director of the Office of Enforcement to fill the position Cordray vacated upon his director appointment. Markus was previously deputy assistant director of enforcement.

Before joining the CFPB, Markus was chief legal counsel to the Ohio governor. Earlier in his career, he served as first assistant attorney general of Ohio and as the deputy chief of staff at the Department of Justice and counselor to the U.S. attorney general.

About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.
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