Steven Antonakes named Acting Deputy Director of the Consumer Financial Protection Bureau

The Consumer Financial Protection Bureau (CFPB) announced Steve Antonakes will serve as Acting Deputy Director while the agency continues its search for a replacement for departing Deputy Director Raj Date. As Antonakes assumes this temporary role, he will maintain responsibility for his current duties as the Associate Director for Supervision, Enforcement, and Fair Lending at the CFPB.Steve Antonakes’ background includes more than two decades as a financial services regulator. He first joined the CFPB in November 2010 as the Assistant Director of Large Bank Supervision and was named the Associate Director for Supervision, Enforcement, and Fair Lending in June 2012.

Mr. Antonakes began his professional career as an entry level bank examiner with the Commonwealth of Massachusetts Division of Banks in 1990. He served in numerous managerial capacities before being appointed by successive Governors to serve as the Commissioner of Banks from December 2003 until November 2010, becoming only the second career bank examiner to ever serve in that capacity. In addition, he served as the first state voting member of the Federal Financial Institutions Examination Council (FFIEC), as the Vice Chairman of the Conference of State Bank Supervisors (CSBS), and as a founding member of the governing board of the Nationwide Mortgage Licensing System (NMLS). Mr. Antonakes also received NeighborWorks America’s Government Service Award for his work in combatting foreclosures in March 2007.

"Steve's knowledge, expertise, and judgment will continue to be invaluable as we move forward with our important work--making markets work for consumers and responsible businesses," CFPB Director Richard Cordray said.