After nearly five years with the CFPB, Deputy Director Steve Antonakes is stepping down from his position as the bureau’s No. 2 official to spend more time with his family.
The CFPB’s former point man will be at Industry Summit 2014 this September to deliver a keynote address. He will take attendees inside the media-shy agency and offer insights on how the bureau intends to regulate the automotive retail industry.
Jeffrey Langer will be stepping into Richard Hackett’s former role as assistant director of installment and liquidity lending markets for the bureau.
The former CFPB executive once described as a ‘valuable conduit between the CFPB and the industry’ has joined Hudson Cook LLP as a partner in the firm’s Portland, Maine, office.
The editor wonders if the departure of another director will weaken the CFPB. The latest news indicates the auto finance industry could suffer the most.
In paying tribute to Rick Hackett, the CFPB’s parting assistant director, the magazine’s legal insider says the industry lost a key connection to its newest regulator.
Until last month, the CFPB was doing a lot more aiming than shooting. But its first enforcement action against an auto finance source and its partner company proves the agency isn’t firing blanks.
A spokesperson with the CFPB confirmed yesterday that Rick Hackett will depart the bureau later this summer. He was hired in May 2011 to oversee installment lending markets, including auto finance.
Richard P. Hackett, an assistant director at the Consumer Financial Protection Bureau (CFPB), will field questions submitted in advance of his keynote address at the National Automotive Finance (NAF) Association's 16th annual conference.
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