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CFPB Innovation Chief Watkins to Depart for Private Sector

Aug. 13, 2020, 7:15 PM

The Consumer Financial Protection Bureau’s top official for innovation policies, Paul Watkins, is leaving the agency after two years on the job.

CFPB Director Kathleen Kraninger notified staff of Watkins’ departure on Wednesday, an agency official confirmed.

Watkins said he will stay in the Washington region and intends to take a private sector position in September, according to a message seen by Bloomberg Law.

Watkins joined the CFPB in July 2018 from the Arizona Attorney General’s office, where he helped launch the first state-level regulatory sandbox in the U.S. The program allowed startup companies to test new financial products and...

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