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The Consumer Financial Protection Bureau (CFPB) today announced additional leadership changes, naming two former Obama Administration officials as new assistant directors. The changes include naming Lorelei Salas as the new assistant director for the Office of Supervision Policy, and Eric Halperin as the new assistant director for the Office of Enforcement.
According to an American Banker report, two senior CFPB officials, Bryan Schneider and Peggy Twohig, will be leaving the Bureau in the coming weeks.
The position is described as a detail for 6 months, with a possible option to extend, in which the attorney would keep his or her position of record at the other agency while serving on the detail.
In perhaps the most direct confirmation that the Biden Administration plans to return the CFPB to the dominant and active role it had under the leadership of former Director Cordray,...
from the St Louis Fed -- this post authored by Meredith Covington, Manager, Supervision Policy, Research and Analysis Manager; and Ana H. Kent, Policy Analyst, Center for Household Financial Stability During most of the coronavirus pandemic, women have faced higher unemployment rates than men, as the pandemic affected sectors with high shares of female workers, particularly in service professions. Moreover, the closures of schools and day care centers and the implementation of remote learning have increased child care needs, which disparately affect working mothers. A September McKinsey stud...