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Tuesday, November 13, 2012

CFPB Deputy Director Date to Leave Agency

Raj Date, the deputy director of the CFPB, will leave the agency at the end of January, Jen Howard, a bureau spokeswoman said in an e-mail to Bloomberg News yesterday. She said he has no plans after departing the CFPB, other than to spend more time with his family.

Date joined the bureau in fall 2010 as a top adviser to Elizabeth Warren. He led the agency from August 2011 to early January 2012 before President Obama used a recess appointment to install Richard Cordray as its first director.

Before joining the CFPB, Date worked for Capital One and Deutsche Bank, and in 2009 founded the Cambridge Winter Institute, a think tank that supported financial reform. The timing of his departure will enable Date to help finalize several new mortgage rules this January.

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