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
Sell Value, Build Trust
In this video, Trent White explains why selling on value, not fear, builds lasting customer trust, reduces cancellations, and drives long-term success.
Read More →
F&I Sales Give Dealers First-Half Lift
Product business shored up total profits to avoid an overall revenue tanking as product penetrations held steady, StoneEagle reported.
Read More →
Targeted Training Drives Results
Today’s technology, instead of threatening F&I managers, can actually make them better, according to an industry veteran who’s watched market setbacks roil the unprepared.
Read More →
Double the Change, Double the Chance
When an F&I manager gets a customer refusal, it’s a wise move to tweak more than one thing in the product offering.
Read More →
Just Do It
F&I managers need training, but instead of resisting application or expecting perfection, they should improve by simply acting on what they learn.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Leading with Purpose
In this video, Trent White explains how understanding your people’s 'why' is a key leadership responsibility of F&I professionals and how that mindset drives dealership engagement, trust and performance.
Read More →
Integrating Nontraditional F&I Products
The niche presents a strategic advantage for auto dealerships as they move to adapt to fast-changing consumer expectations in today’s market.
Read More →
Trust Is Personal
Technology, no matter how efficient, can’t replace what the human F&I manager can do, which is to bridge the divide between cyberspace and the in-store experience.
Read More →
Amplify 2026 Billed as Turning Innovation Into Results
Reynolds and Reynolds says its annual retail summit will connect dealers with practical strategies, peer insight, and technology-driven ideas.
Read More →