The Wall Street Journal: CFPB head of enforcement Anthony Alexis to depart
WASHINGTON — The Consumer Financial Protection Bureau’s enforcement chief, Anthony Alexis, plans to leave the agency, a move that could herald a significant change in the way the regulator polices financial companies.
Alexis is the highest-profile official to leave the agency since the Trump administration took over. He has led the agency’s enforcement operations during most of its six years in existence, assisting CFPB chief Richard Cordray, a former Ohio attorney general whose aggressive policy stance has often left the agency in serious disagreements with the industry it oversees.
The timing of Alexis’s departure is uncertain, as he has agreed to stay in the role until a successor is found. The CFPB has posted the job.
The news comes as the financial industry looks for significant policy changes at the CFPB as a result of a leadership change expected to occur sometime over the next several months. Cordray’s term runs until next July but many say the Obama appointee might leave sooner to run for Ohio governor.
An expanded version of this report appears on WSJ.com.
Also popular on WSJ.com:
German towns filled with refugees ask: ‘Who is integrating whom?’
GOP tax plan would keep the mortgage break but threaten irrelevancy.