According to American Banker, Kristen Donoghue, who has served as the CFPB’s Assistant Director of Enforcement since November 2017, has resigned.
American Banker also reports that Cara Petersen, the CFPB’s Principal Deputy Enforcement Director, has been named Acting Director of Enforcement, and that Jeffrey Ehrlich, the CFPB’s Deputy Enforcement Director, will become Principal Deputy Enforcement Director. (Jeff spoke on Monday at the second presentation of PLI’s 24th Annual Consumer Financial Services Institute in Chicago. The event was co-chaired by Alan Kaplinsky, who leads our Consumer Financial Services Group.)