CFPB Names Acting Deputy Director
February 12, 2013
The Consumer Financial Protection Bureau (CFPB) named Steve Antonakes as acting deputy director while the agency continues its search for a replacement for Raj Date. As Antonakes assumes this temporary role, he will maintain responsibility for his current duties as the associate director for supervision, enforcement and fair lending at the CFPB.
“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,” said CFPB Director Richard Cordray. “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.”
Antonakes’ background includes more than two decades as a financial services regulator. He first joined the CFPB in November 2010 as the assistant director of Large Bank Supervision and was named the associate director for Supervision, Enforcement and Fair Lending in June 2012. Antonakes began his professional career as an entry level bank examiner with the Commonwealth of Massachusetts Division of Banks in 1990. He served in numerous managerial capacities before being appointed by successive governors to serve as the Commissioner of Banks from December 2003 until November 2010, becoming only the second career bank examiner to ever serve in that capacity.
Antonakes received a Bachelor of Arts degree from Penn State University, a Masters of Business Administration from Salem State University, and a Doctorate of Philosophy in Law and Public Policy from Northeastern University.