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Another CFPB Official Snags Financial Executive Job

Phil Hall
Feb 26, 2016
Ocwen Financial Corporation has appointed Dr. Jenne K. Britell and Kevin Stein to its Board of Directors

The conga line of Consumer Financial Protection Bureau (CFPB) chieftains dancing their way from the realm of federal regulatory oversight into the financial services power corridors just grew again as Meredith Fuchs, the former acting deputy director, landed a spot as senior vice president and chief counsel on regulatory issues at Capital One.

However, this is the second time this week that news of a CFPB officer getting at a top spot in the financial service world was discovered via a LinkedIn profile update. In this case, a reporter at The Hill noted Fuchs’ LinkedIn profile was changed to reflect her Capital One position–the company did not issue any press release on the hiring. Earlier this week, BuzzFeed News relied on LinkedIn to identify former CFPB Senior Counsel Mitch Hochberg as Goldman Sachs’ new vice president in charge of the compliance.

Fuchs succeeded Steven Antonakes as CFPB Deputy Director after he left to join the executive hierarchy at Boston’s Eastern Bank. Since the CFPB was launched five years ago, at least 45 high-ranking officials have joined major financial services players including JPMorgan Chase, Wells Fargo and BlackRock or have set up show at influential Washington lobbying firms.

Published
Feb 26, 2016
Feds Reviewing Appraisal Standards, Qualifications

Appraisal Subcommittee said requirements are being reviewed to determine whether they ensure and promote fairness, equity, objectivity, and diversity, in both appraisals and in the training and credentialing of appraisers.

Regulation and Compliance
Oct 20, 2021
​​​​​​​FHFA OK's Desktop Appraisals, Expands Refi Criteria

The Federal Housing Finance Agency (FHFA) said Monday it will take two steps to help make home ownership more affordable and sustainable for mortgage borrowers, especially for those in underserved communities. 

Regulation and Compliance
Oct 19, 2021
CFPB Names 4 To Key Senior Positions

The appointees include two who helped create the bureau and two who served on the CFPB staff during the Obama administration.

Regulation and Compliance
Oct 14, 2021
FHFA Raises Enterprises' Multifamily Loan Purchase Caps

The Federal Housing Finance Agency (FHFA) said the 2022 multifamily loan purchase caps will be $78 billion for each Enterprise, for a combined total of $156 billion to support the multifamily market.

Regulation and Compliance
Oct 13, 2021
CFPB Hits AAG With Complaint For Deceptive Marketing Of Reverse Mortgages

The Consumer Financial Protection Bureau filed a complaint and proposed consent order, which alleges that American Advisors Group (AAG) used inflated and deceptive home estimates to attract reverse mortgage consumers.

Regulation and Compliance
Oct 12, 2021
Waterstone Mortgage Names VP Of Compliance

Waterstone Mortgage Corporation named Kris Barros as the company's vice president of compliance.

Community
Oct 08, 2021