WASHINGTON (2/1/13)--Steve Antonakes is now the Consumer Financial Protection Bureau's acting deputy director, replacing Raj Date, who left the agency on Thursday.
In past meetings with the Credit Union National Association, Antonakes noted that credit unions did not cause the financial crisis, and said credit unions served as a source of strength for their members during the economic recovery.
CUNA Deputy General Counsel Mary Dunn said CUNA plans soon to meet Antonakes again on credit union topics.
Antonakes will serve as deputy director while the agency searches for a permanent replacement for Date. He will also maintain his role as associate director for supervision, enforcement, and fair lending at the CFPB, a position he has held since June 2012. Antonakes first joined the CFPB in November 2010, taking on the role of assistant director of large bank supervision.
"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," CFPB Director Richard Cordray said. Cordray also thanked Date "for his tremendous work to protect American consumers."
Date was the first CFPB deputy director, and helped build the agency over his two-year stint. He also served as special advisor to the secretary of the U.S. Treasury Department and as the CFPB's associate director for research, markets, and regulations.