Banking Law News

CFPB Names Regulatory Chief Pahl New Deputy Director

July 7, 2020, 9:38 PM

The Consumer Financial Protection Bureau Tuesday tapped Tom Pahl to serve as its new second-in-command.

Pahl, who rejoined the agency in April 2018 to oversee its Research, Markets and Regulations unit, has been promoted to deputy director. The role had been filled on an acting basis by Leonard Chanin, the deputy to Federal Deposit Insurance Corp. Chairman Jelena McWilliams.

Pahl has been overseeing the CFPB’s rewrite of key rules, including the payday lending rule released Tuesday, and regulatory changes to address the coronavirus pandemic, since rejoining the bureau. Pahl has also been leading the CFPB’s efforts to write first-of-their-kind federal...

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