The Consumer Financial Protection Bureau announced that Steve Antonakes, currently associate director for supervision, enforcement and fair lending, will now serve as acting deputy director effective Friday.
Departing Deputy Director Raj Date last day with the CFPB was Thursday.
"We will be forever grateful to Deputy Director Raj Date for his tremendous work to protect American consumers. As the CFPB's first deputy director, Raj has helped to lead the agency's organizational, strategic, and policy efforts and put in place key new mortgage rules that will benefit all Americans,” said CFPB Director Richard Cordray.
“Although we will miss Raj, he has helped to build a strong, talented team and I am pleased that Steve will be taking on the role of acting deputy director,” Cordray said. “Steve’s knowledge, expertise, and judgment will continue to be invaluable as we move forward with our important work --making markets work for consumers and responsible businesses.”
Antonakes’ background includes more than two decades as a financial services regulator. He first joined the CFPB in November 2010 as the assistant director of large bank supervision and was named to his current position in June 2012.
He began as an entry level bank examiner with the Commonwealth of Massachusetts Division of Banks in 1990 and worked his way up to Commissioner of Banks, serving in that capacity from December 2003 until November 2010.
Date, who was seen as the heir apparent to take over the bureau after Cordray’s term expires, served as the CFPB’s first deputy director and spent more than two years helping to build the agency.
He filled a number of key leadership roles, including special adviser to the Secretary of the Treasury and associate director for research, markets and regulations.