Deputy Director Steven Antonakes has resigned as second in command at the Consumer Financial Protection Bureau.
In an email to his staff, Antonakes said that he has decided to return to Boston permanently, after commuting for the past five years, to be closer to his family, according to a published report in American Banker yesterday.
In an email response to staff — sent to Auto Finance News today by a spokesman for the bureau — CFPB Director Richard Cordray expressed his respect for his deputy’s decision. He said Antonakes has balanced work and family “incredibly well” over the past five years.
“Steve has been an enormous asset to the Bureau, and a great friend and colleague to me since our time together in SEFL [supervision, enforcement, and fair lending] in the early days of the Bureau,” Cordray wrote in an email. “His contributions to this agency have been extensive in his dual roles as Deputy Director and SEFL Associate Director, and I know many of you share my appreciation for all his work.”
Cordray also said that the CFPB will provide additional information about acting responsibilities for both the deputy director and SEFL associate director roles, “in the coming weeks.”
Antonakes joined the CFPB as assistant director, large bank supervision in 2010, before becoming associate director, supervision, enforcement, and fair lending, and was promoted to deputy director in February 2013, according to his LinkedIn profile.
Neither Cordray nor Antonakes said when the resignation will take effect.
