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.