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Cordray appoints first CFPB deputy director

Richard CordrayConsumer Financial Protection Bureau Director Richard Cordray announced on Friday that he has appointed Raj Date as the agency's first deputy director.
 
In addition, Cordray appointed Kent Markus to the position of assistant director of the CFPB's enforcement division, a position Cordray vacated to become director.
 
“Raj Date is one of the most extraordinary colleagues I have ever worked with," Cordray said. "His experience and knowledge of the financial services industry is invaluable to the CFPB. And, for the past six months, his thoughtful leadership has set a strong tone that will forever guide the CFPB’s approach. With Raj’s advice and support as the deputy director – and with the CFPB’s full authorities in place – I look forward to building on the work already underway to fulfill the CFPB’s mission of making consumer financial markets more fair, transparent, and competitive.”
 
Date first joined the CFPB as the head of the bureau's Research, Markets and Regulations division and, shortly after its launch, he was named the CFPB's special advisor. Date has over a decade of experience in the financial services industry.
 
“Rich is a terrific leader who is both brilliant and passionate," Date said. "American consumers deserve to have a man of his talents looking out for them. I look forward to continuing to work with him and all of the talented and dedicated staff at the CFPB. This agency has a critical role to play in our consumer financial markets. We have to get this right – and I know Rich will do the job.”
 
Markus was the chief legal counsel to Ohio Gov. Ted Strickland before he joined the CFPB. He previously served as the first assistant attorney general of Ohio, the deputy chief of staff to the Department of Justice and the counselor to the United States Attorney General.

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