Rosenthal Resigning From CFPB
Clifford Rosenthal, former National Federation of Community Development Credit Unions CEO and now an official with the Consumer Financial Protection Bureau, will leave the agency about March 1, 2014.
Rosenthal has been an assistant director in the CFPB's Office of Financial Empowerment since early May 2012 after leaving the National Federation at the same time.
Notice of his departure came in two postings from Jacqueline Wilkes, outreach specialist for financial empowerment, to a community development banking mailing list. Wilkes posted to the list seeking candidates to fill the position.
“While Cliff remains actively engaged in the job, the lengthy nature of the federal hiring process means that the CFPB is now asking potential applicants to consider applying for the position,” Wilkes wrote on Oct. 28, following that up with a subsequent posting about the job's requirements on Oct. 29.
Rosenthal served the National Federation since its founding and turned 65 in 2010. He said would retire from the National Federation then, but the financial crisis at the time changed his plans.
Rosenthal has focused on helping empower consumers during his time at the agency, writing in a CFPB blog post in May of 2012, soon after he joined CFPB.
“There’s a lot of work to do, and a unique opportunity to make a big difference in the lives of millions of Americans,” Rosenthal wrote. “This is exactly why I joined the CFPB. In fact, this is the only job for which I would have left my previous career as President and CEO of the National Federation of Community Development Credit Unions.”
Neither Rosenthal nor the CFPB have yet commented on the change.