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
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 →
Timing the Market Can Hurt Long-Term Program Performance
For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.
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 →
F&I Training Fundamentals
How can auto dealerships help F&I managers fulfill their vital role in the most effective ways? Industry expert Rick McCormick shares his insights on the best ways to train these professionals and help them maintain good habits.
Read More →
Not Just Any Tire Will Do
More consumers and businesses are opting for all-season options for various reasons as safety, sustainability and convenience push practical change.
Read More →