CFPB Bolsters Staff with 4 Additions
August 28, 2013
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WASHINGTON, D.C. — While the agency has yet to announce a
replacement for the regulator who will oversee auto financing, the Consumer
Financial Protection Bureau added four new staff members this week.
Among the new additions, the CFPB tapped individuals for the following positions:
—Assistant director for the office of intergovernmental affairs
—Assistant director and chief economist for the office of research
—Deputy assistant director for the office of regulations
—Deputy assistant director for the office of financial institutions and business liaison
"These new additions to CFPB leadership positions continue to showcase the high caliber of people who are joining our team," CFPB director Richard Cordray said. "Working to make consumer markets safer and more effective is a major task, but this is an attractive mission and today's announcement shows that we continue to bring in top-flight people who are determined to get the job done."
The following individuals were announced as joining the CFPB leadership team:
—Cheryl Parker Rose joins the CFPB as assistant director for the office of intergovernmental affairs. Rose has over two decades of experience working with federal, tribal, state and local policymakers.
Most recently, Rose was deputy director of U.S. government relations for the Bill and Melinda Gates Foundation, and from 2007 to 2010 she was senior advisor and director of Intergovernmental Affairs for House speaker Nancy Pelosi.
Other past positions include assistant to the president for strategic onitiatives for the Service Employees International Union; counsel and director of policy for the Democratic Governors Association; director of the office of intergovernmental and interagency affairs for the U.S. Department of Education; and special counsel for the state of Florida's Washington office under Gov. Jeb Bush and the late Gov. Lawton Chiles.
—Christopher Carroll will serve as the assistant director and chief economist for the office of research. Carroll is a professor of economics at Johns Hopkins University, from which he will take a leave of absence while serving at the bureau.
Carroll also is a member of the board of directors of the National Bureau of Economic Research, and the co-chair of the NBER Research Group on Consumption.
Carroll has served as a senior economist for the Council of Economic Advisors on two separate occasions, and as an economist for the board of governors of the Federal Reserve System. The chief focus of his research has been on understanding households' spending and financial decisions, with particular emphasis on how the differences across households fit together to influence macroeconomic outcomes.
The CFPB indicated Carroll will begin his time at the bureau in January. Until then, Ron Borzekowski, currently deputy assistant director, will serve as the acting assistant director.
—Kathleen (Kitty) Ryan will serve as the deputy assistant director for the office of regulations. Prior to joining the CFPB, Ryan served as senior regulatory counsel at JPMorgan Chase & Co. where she focused on regulatory issues impacting mortgage and other consumer businesses, and on fair lending issues.
Previously, Ryan was senior counsel in the Federal Reserve's division of consumer and community affairs where she was responsible for drafting several major consumer protection rules. Ryan has also held staff attorney positions at the Department of Justice and the Department of Education.
—Elizabeth Ellis will serve as the deputy assistant director for the office of financial institutions and business liaison after previously serving as the senior advisor to the CFPB's chief of staff.
Prior to joining the CFPB, Ellis was a financial analyst at the Congressional Oversight Panel, where she evaluated the Troubled Asset Relief Program and reviewed the state of financial markets and the regulatory system. Previously, Ellis was a senior associate at PricewaterhouseCoopers, where she worked in the banking and capital markets audit practice.
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