Fuchs Joins List of High-Ranking CFPB Staffers Who Flee to Private Sector
The Consumer Financial Protection Bureau (CFPB) has lost another top staffer. This time it’s Meredith Fuchs, who has landed a job at Capital One. Fuchs, who is one of many to leave the agency for an industry job, served as general counsel from June 2012 until January 2016 and acting deputy director from July 2015 through January 2016. While at the CFPB, she was appointed to serve as the agency’s second-highest ranking official, replacing Steve Antonakes. Although Capital One hasn’t made an official announcement, it confirmed Fuchs has joined the company and her LinkedIn profile lists her as financial services regulatory counsel.
The CFPB named David Silberman acting deputy director beginning Jan. 11, 2016, to replace Fuchs, who follows a line of high-ranking CFPB officials who’ve sought greener pastures outside the CFPB. Among them are Antonakes, who left the agency last August and has been named senior vice president and chief compliance officer at Boston-based Eastern Bank. At least 45 CFPB employees have left the bureau for the private sector since 2011 for companies including JPMorgan Chase, U.S. Bank, Wells Fargo, Bank of America, PayPal and BlackRock, according to The Hill.
Related stories:
- News Reports Question CFPB Ethics, Complaint Database
- CFPB to Financial Products Developers: Why Can’t We Be Friends?
- Is the CFPB Stretching the Bounds of Statute of Limitations?
