GFS LinkedIn
GFS Facebook
GFS Twitter
GFS RSS feed

US consumer bureau makes key hires

Wednesday 17 November 2010 - by Andrew Hickley

The US Treasury has announced the "instrumental" hiring of two head supervisors tasked with supervising both depository and non-depository organisations for its new Consumer Financial Protection Bureau.

The Treasury has appointed Steve Antonakes, who currently serves as Commissioner of Banks for Massachusetts, to oversee depository institutions, while current director of the office of consumer protection Peggy Twohig will lead the team supervising non-bank firms.

Elizabeth Warren, special advisor to the secretary of the Treasury on the consumer financial protection bureau, believes that the two will play "critical roles" in levelling the playing field between bank and non-bank lenders.

"For the first time consumer credit is going to be regulated by product instead of by the kind of company selling it, and these two will be instrumental in developing this new approach."



WHAT DO YOU THINK?
 
Name:
   
Email:
   
Comment:
   
Post as Anonymous
  Display name
   
Please, enter security code
   
 

No comments yet.

STRAW POLL

Will markets in 2012 have a tougher time than 2011?

Yes

No

Don't know

View results

FIND A REGION world regions