CFPB reorganizes staff

The Consumer Financial Protection Bureau named former lawyer Kelly Thompson Cochran as the agency’s acting assistant director of regulations on Monday, replacing Leonard Chanin, who left last week to join the law firm of Morrison & Foerster.

The CFPB recently announced that it would be making several staff changes. Stephen Van Meter, the former assistant general counsel for policy, will serve as its deputy general counsel. Meredith Fuchs, the former principal deputy general counsel and chief of staff to CFPB Director Richard Cordray, was named general counsel in June after Leonard Kennedy became an adviser to Cordray, DealBook reports.

Additionally, Chris Lipsett, previously a partner at Wilmer Cutler Pickering Hale & Dorr, was named to the position of senior counsel, and Delicia Reynolds Hand, previously the legislative director for the National Association of Consumer Advocates, will serve as the new staff director of consumer advisory councils and board.

“I am pleased to announce these new additions and updates to the C.F.P.B. leadership team,” Cordray said, according to Bloomberg. “We look forward to welcoming them as we continue to work on behalf of the American consumer.”

Chanin previously worked at Morrison & Foerster before taking his position as head of the CFPB’s rule-writing team.

“Leonard will return to us with important insights and broad experience on consumer regulation, having been at the center of regulatory developments in a time of great change in this important area,” Rick Fischer, the co-head of financial services practice at Morrison & Foerster, said, DealBook reports.

The CFPB is responsible for oversight and supervision of consumer financial products and markets, including the mortgage and credit card industries.

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