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CFPB Names New Chiefs for Supervision and Enforcement Positions

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Last week, the Consumer Financial Protection Bureau named two new leaders in the supervision and enforcement departments of the Bureau.

Lorelei Salas will join the CFPB as Assistant Director for Supervision Policy and will also serve as the Acting Assistant Director for Supervision Examinations. From 2016 to 2021, Ms. Salas served as Commissioner of the New York City Department of Consumer and Worker Protection, overseeing hundreds of inspectors, attorneys, and other professionals. Previously, Ms. Salas was the legal director at Make the Road New York, supervising immigration, housing, and employment legal services programs. She also led the legal department at Catholic Migration Services, supervising the same areas of legal practice. In 2009 Ms. Salas was nominated by President Barack Obama as the Wage and Hour Administrator at the United States Department of Labor. Ms. Salas also worked at the New York State Attorney General’s Office in the Litigation and Labor Bureaus and held multiple senior management positions at the New York State Department of Labor. Ms. Salas was also the recipient of an Open Society Foundation Leadership in Government fellowship, founded by George Soros to assist former federal, state and local government officials to remain engaged in their areas of public policy.   Prior to her legal career, Ms. Salas worked as a private sector auditor reviewing companies’ compliance with their codes of conduct, as well as federal and state workplace laws. Ms. Salas earned an A.A. from La Guardia Community College, a B.A. from Hunter College, and a J.D. from Benjamin N. Cardozo Law School.

Eric Halperin joins the CFPB as Assistant Director for the Office of Enforcement. Mr. Halperin has served in a number of positions in the non-profit and government sectors. Most recently, Mr. Halperin was CEO of Civil Rights Corps. From 2010 to 2014, Mr. Halperin served in leadership roles in the Civil Rights Division of the U.S. Justice Department, first as Special Counsel for Fair Lending and later as Acting Deputy Assistant Attorney General overseeing the Division’s fair housing, fair lending, and employment enforcement programs.  He also served as a trial attorney in the Civil Rights Division from 1998 to 2004. Mr. Halperin also worked as a senior advisor to the Open Society Foundations’ U.S. Program and as the Director of the Center for Responsible Lending’s Litigation Program and its Washington office. Mr. Halperin received his B.A. from Wesleyan University and his J.D. from Harvard Law School.

CFPB Names New Chiefs for Supervision and Enforcement Positions
Nov 03, 2021

Last week, the Consumer Financial Protection Bureau named two new leaders in the supervision and enforcement departments of the Bureau.

Lorelei Salas will join the CFPB as Assistant Director for Supervision Policy and will also serve as … Read the rest

LISTEN | Managing Risk Under the Umbrella of Uncertainty
Nov 02, 2021

In this episode of the Extra Credit Podcast, we chat with Solomon SemereSenior Director, Credit and Marketing Strategy and Craig Stockum, Sales Director both with LexisNexis Risk Solutions about the uncertain risk environment in whichRead the rest

D&I Working Group Webinar w/ Social Innovation Leader, Brittany Young
Nov 01, 2021

Please join AFSA’s Diversity & Inclusion Working Group webinar on November 10 at 3:00 p.m. ET to hear from Brittany Young about how to help build better communities and empower people.

Brittany is a Baltimore native with a diverse technical… Read the rest

Chopra Testifies Before House, Senate Panels
Nov 01, 2021

Last week, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra testified before the Senate Banking and House Financial Services Committees in separate oversight hearings. The discussions spanned a variety of topics, including… Read the rest

2021 Investors Conference Registration Open
Nov 01, 2021

The AFSA Credit Summit for Fixed Income Investors is back for 2021 and coming right to your home or office.

Join finance industry executives, debt issuers, and investors virtually on Tuesday, December 7 for a fast-paced, single day conference… Read the rest

FTC Issues New Safeguards Rule
Oct 29, 2021

The Federal Trade Commission (FTC) has issued its final Safeguards Rule, as AFSA mentioned was likely at our Annual Meeting this past week.

The Safeguards Rule was mandated by Congress under the 1999 Gramm-Leach-Bliley Act.

  • The first rule
Read the rest

New Decision in the Hunstein Case: Our Work Continues
Oct 28, 2021

On October 28, 2021, we received a new decision in the Hunstein case.  Unfortunately, the decision portends more work ahead for industry.

As a brief recap, the Hunstein case involves an individual claim against a debt collector.  The allegation… Read the rest

About That Consumer Reports Story
Oct 28, 2021

A few folks may have seen the Consumer Reports article regarding consumer lending in the vehicle finance space. The American Financial Services Association provided the publication with extensive comments and materials that, were theyRead the rest

Registration Open | 2021 Virtual Fixed Income Investors Summit
Oct 26, 2021

The AFSA Credit Summit for Fixed Income Investors is back for 2021 and coming right to your home or office.

Join finance industry executives, debt issuers, and investors virtually on Tuesday, December 7 for a fast-paced, single day conference… Read the rest

AFSA Honors Jones, Locke for Service to Industry
Oct 26, 2021

AFSA created the Distinguished Service Award (DSA) in 1941 to recognize individuals who contribute to the growth and advancement of the financial services industry and our association.

Today, at the 2021 Annual Meeting at the Mandarin Oriental… Read the rest

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