WASHINGTON (9/5/13)--Steve Antonakes was officially named deputy director of the Consumer Financial Protection Bureau (CFPB) this week, the agency announced. Antonakes previously served as the CFPB's acting deputy director.
CFPB Director Richard Cordray said Antonakes "has adeptly led--and will continue to lead--[the CFPB's] supervision, enforcement, and fair lending teams. Antonakes will also continue responsibility for his duties as the associate director for supervision, enforcement, and fair lending at the CFPB.
His experience, knowledge, and judgment will prove vital in helping the CFPB achieve its mission "of fostering a thriving, sustainable marketplace for both consumers and responsible businesses," Cordray added.
Antonakes first joined the CFPB in November 2010, taking on the role of assistant director of large bank supervision. The Credit Union National Association has met with Antonakes on credit union topics.
During those meetings, he has 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.
The CFPB this week also announced other additions to its leadership team: