Skip to main content

Ex-CFPB Deputy Antonakes Joins the Private Sector

Phil Hall
Aug 11, 2015
Eastern Bank Logo

The former number two executive at the Consumer Financial Protection Bureau (CFPB) has gone over to the other side, joining a Boston-based bank in an executive compliance position.

Eastern Bank has announced that Steve Antonakes has been hired as senior vice president and chief compliance officer. In a press statement, the bank stated that Antonakes will report directly to Barbara Heinemann, executive vice president of the enterprise risk management division. This will be the first time in his professional career that Antonakes worked in a private sector financial services position.

Antonakes stepped down as the CFPB’s deputy director last month after less than two years, citing the disruptive nature of commuting from his Massachusetts home to his Washington, D.C., office, as a prime reason for leaving the agency. Antonakes, who previously served as the Massachusetts Commissioner of Banks and vice chairman of the Conference of State Bank Supervisors, gained national prominence through a February 2014 speech before a Mortgage Bankers Association conference with comments that suggested mortgage servicers continued to treat borrowers in an unprofessional manner. Antonakes was the second person to hold the CFPB role of deputy director—his predecessor, Raj Date, left the regulatory world to launch an investment advisory company—and the CFPB has yet to name a full-time replacement for Antonakes. 

Aug 11, 2015
DOJ: Lakeland Bank To Spend $13M To Settle 'Redlining' Claims

Agreement with N.J. bank is the third-largest redlining settlement in Justice Department history.

Industry News
Sep 29, 2022
Angel Oak Layoffs Add To Growing List Of Non-QM Cuts

About 20% of its staff, or 75 people, were affected.

Industry News
Sep 28, 2022
Redwood Trust Names New Chief Investment Officer

Also announces planned CoreVest leadership transition to be completed on 3rd anniversary of acquisition

Industry News
Sep 27, 2022
Fannie Mae Pilot Program Seeks To Help Improve Renters' Credit

Renters, including historically underserved groups, will benefit from paying on time each month.

Industry News
Sep 27, 2022
Suffolk County Data Breach Puts Contracts On Back Burner

Cyberattack beginning Sept. 8 prevents title services from closing loans.

Sep 27, 2022
Nations Lending Opens Another Branch In Arizona

New Scottsdale branch welcomes Arizona native Christine McConnell as lead personal mortgage advisor.

Industry News
Sep 26, 2022