Deputy Director Date Plans to Depart, Creating Uncertainty
November 26, 2012
In a move that caught most industry observers by surprise, CFPB Deputy Director Raj Date, widely seen as a possible successor to Director Richard Cordray, has decided he will leave the agency at the end of January, with no immediate plans other than to spend more time with his family. The timing of his departure will enable Date to help finalize several new mortgage rules this January, according to one industry trade group source. That would include the qualified mortgage rule, according to attorney Jeffrey Jamison, an...