CFPB’s No. 2 to Leave Agency
The Consumer Financial Protection Bureau’s No. 2 official will depart after a new set of mortgage rules is finalized, The Wall Street Journal reports.
WASHINGTON, D.C. — According to a report from The Wall Street Journal, Raj Date, the No. 2 official at the Consumer Financial Protection Bureau (CFPB), will depart the agency he helped create on Jan. 31, 2013. Quoting an agency spokesperson, Date will leave “after the CFPB finalizes the slate of mortgage rules Congress mandated.”
Date has played a critical role in the agency’s mortgage rule-making project, which is said to be the agency’s signature and most complicated assignment.
The former Wall Street executive helped establish and make the case for the CFPB, which was created by the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010. According to the report, Date has strongly defended the agency and has been a key recruiter for the CFPB.
Date ran the agency after Elizabeth Warren, the agency’s chief architect, left in August 2011. He held the leadership role until President Barack Obama appointed Richard Cordray to the director’s post in January 2012. Cordray appointed Date as the agency’s deputy director following his appointment.
To read more, click here.
More F&I
New Lifetime Battery F&I Product Meant to Drive Dealer Traffic
EFG Cos. offering is intended to create lifetime auto dealer engagement with customers.
Read More →
The Psychology Behind Menus That Increase Add-On Sales
There is a science to crafting a menu that gives customers confidence in the choices presented, and moving the process outside the F&I office can further boost results.
Read More →
Why Your F&I PVR Is Misleading You
Here’s a handy checklist of the numbers to track in 2026 instead.
Read More →
Auto Consumer Anxiety Presents Opportunity
A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.
Read More →
Humble and Hungry: 12 Rules for an F&I Life
Dustin Gingerich, with a decade in the F&I business under his belt, shares his thoughts on leadership, building trust with customers, and the importance of learning and innovation.
Read More →
Focus on the Opening
F&I managers must learn as much as possible about their customers, starting before they walk into their offices. The bulk of today’s consumers expect that, and good results will follow.
Read More →
F&I Reaches for the Sky
The increasingly important profit center continued making gains in the first quarter, according to StoneEagle data, ancillary products proving more popular as consumers hold onto their buys longer.
Read More →
What Market Timing Mistakes Mean for Your Reinsurance Program
When volatility hits, dealer-owned reinsurance programs face a familiar temptation: pull back and wait for calmer waters. New data from BOK Financial shows why that instinct can quietly cost you years of surplus growth.
Read More →
The 90/10 Rule
In this video, Ryan Ruff explains the rule that elite sales professionals use to turn ordinary conversations into unforgettable customer experiences.
Read More →
Your Office Is Talking
What’s the atmosphere saying about you to your customers? You can make minor adjustments and additions that transform your space into one that creates trust with the people on the other side of the desk.
Read More →