Raj Date

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Raj Date
Raj Date CFPB.jpg
Special Advisor for the Consumer Financial Protection Bureau
In office
August 1, 2011 – January 4, 2012
PresidentBarack Obama
Preceded byElizabeth Warren
Succeeded byRichard Cordray
(as director)
Personal details
Born (1971-03-31) March 31, 1971 (age 48)
Alma materUniversity of California, Berkeley
Harvard Law School

Rajeev V. Date is a businessman and investment advisor who was the first deputy director of the United States Consumer Financial Protection Bureau.[1] He had previously served in a variety of leadership positions at the Bureau, including several months as the startup agency's leader, as the Special Advisor to the Secretary of the Treasury, he is credited with guiding the Consumer Financial Protection Bureau's early strategic, operational, and policy initiatives.

Date graduated from the college of engineering at the University of California, Berkeley, and from the Harvard Law School.[2]

Prior to joining the Consumer Financial Protection Bureau, he worked as a senior vice president at Capital One and as a managing director at Deutsche Bank, he left the banking industry in 2009 to start the Cambridge Winter Center, a nonprofit think tank devoted to promoting the regulation of financial firms.[2][3][4]

Date joined the bureau in February 2011 as associate director of research, markets and regulations, where he oversaw work on credit cards and mortgages, he succeeded Elizabeth Warren as special advisor when she stepped down from the agency on August 1, 2011.[3] His appointment as special advisor came with controversy, as it was reported that prior to joining, Date had an active role in the talks over the Dodd-Frank act while being paid by a peer-to-peer lender, Prosper Marketplace, which sought to make key changes to the legislation. [5][6] Date was never found to be in violation of any laws and recused himself from rulemaking regarding peer-to-peer lending. [7]

After leaving the Consumer Financial Protection Bureau[8] Date founded Fenway Summer,[9] a hybrid advisory and venture investment firm based in Washington DC, he serves on a number of boards of directors, including those of the marketplace lender Prosper, the student lender College Ave, the cryptocurrency firm Circle, and the bank holding company Green Dot. Date also chairs the investment committee at Fenway Summer Ventures, and counsels clients through the advisory firm FS Vector.

References[edit]

  1. ^ "Treasury Department Announces Senior Hires for CFPB Implementation Team". Consumer Financial Protection Bureau. February 17, 2011.
  2. ^ a b "Rajeev Date replaces Elizabeth Warren on the CFPB". Siliconindia.com. Retrieved 2011-09-14.
  3. ^ a b Dennis, Brady (July 26, 2011). "Raj Date to replace Elizabeth Warren at consumer bureau". The Washington Post.
  4. ^ "Raj Date". Cambridge Winter Center. Retrieved 14 September 2011.
  5. ^ "Adviser to Consumer Agency Had Role in Lending". The New York Times. Retrieved 9 December 2017.
  6. ^ "Consumer Bureau Readies Its New Financial Rules". The New York Times. Retrieved 9 December 2017.
  7. ^ "Raj Date Is The Best Thing To Happen To Consumers Since Elizabeth Warren". OurFuture. Retrieved 9 December 2017.
  8. ^ "Consumer Bureau's No. 2 to Leave Agency". The Wall Street Journal.
  9. ^ http://www.fenwaysummer.com/
Government offices
Preceded by
Elizabeth Warren
Special Advisor for the Consumer Financial Protection Bureau
2011-2012
Succeeded by
Richard Cordray
Director