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Steven Antonakes replaces Raj Date at CFPB.

On Jan. 31, the Consumer Financial Protection Bureau (CFPB) named a temporary replacement for outgoing CFPB Deputy Director Raj Date. Taking on the new duties will be Steven Antonakes, who will add "this temporary role" to his other existing duties as associate director for supervision, enforcement and fair lending.

Antonakes takes on the added role of acting deputy director after a career of more than two decades as a financial services regulator, according to a CFPB press release. He began his professional career as an entry-level bank examiner with the Commonwealth of Massachusetts Division of Banks in 1990.

Antonakes joined CFPB in November 2010 as the assistant director of large bank supervision. In June 2012 he was named the associate director for supervision, enforcement and fair lending.

He was a founding member of the governing board of the Nationwide Mortgage Licensing System (NMLS) and in March 2007 earned NeighborWorks America's Government Service Award for his work in combating foreclosures, according to the CFPB release.

Antonakes is a graduate of Penn State University, where he earned a Bachelor of Arts degree. He received a Master of Business Administration degree from Salem State University and a doctorate in law and public policy from Northeastern University.

Outgoing Deputy Director Date earned praise from CFPB Director Richard Cordray, who said, "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."

Cordray added, "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. 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."

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Title Annotation:NEWS ROOM; Consumer Financial Protection Bureau
Comment:Steven Antonakes replaces Raj Date at CFPB.(NEWS ROOM)(Consumer Financial Protection Bureau)
Publication:Mortgage Banking
Geographic Code:1USA
Date:Mar 1, 2013
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