The Consumer Financial Protection Bureau (CFPB) recently announced a new Assistant Director for the Office of Supervision Policy and Assistant Director for the Office of Enforcement.
Lorelei Salas would be joining the CFPB in the Assistant Director for Supervision Policy role while also serving as the Acting Assistant Director for Supervision Examinations. Eric Halperin has joined the CFPB as Assistant Director for the Office of Enforcement.
The CFPB supervises banks and credit unions with more than $10 billion in assets, in addition to some nonbank firms in markets that include credit reporting, debt collection, and mortgages. CFPB has returned billions of dollars to consumers and holds companies accountable for their illegal conduct.
“Lorelei Salas and Eric Halperin are both distinguished public servants with deep expertise in consumer protection,” CFPB Director Rohit Chopra said. “Together, they will be effective watchdogs over the financial marketplace, especially when it comes to stopping repeat offenders.”
From 2016 to 2021, Salas served as Commissioner of the New York City Department of Consumer and Worker Protection, supervising hundreds of inspectors, attorneys, and other professionals as a means of protecting city residents. Under her leadership, the agency pursued corporations utilizing unlawful, predatory practices to target low-income and immigrant consumers.
Halperin was most recently CEO of Civil Rights Corps. From 2010 to 2014, he served in leadership roles in the Civil Rights Division of the Justice Department, initially as Special Counsel for Fair Lending and later as Acting Deputy Assistant Attorney General overseeing the Division’s fair housing, fair lending, and employment enforcement programs.