Elizabeth Warren is so last week. According to recent reports, the question on who will become the first agency head for the Consumer Financial Protection Bureau has shifted to Raj Date.
Date, a former Wall Street executive who has worked at Deutsche Bank Securities and Capital One Financial Corp., is Warren’s top aide and a chief proponent of the agency’s creation.
Date, 40, earned an engineering degree from the University of California at Berkeley and a law degree from Harvard University. He was senior vice president for corporate strategy and development at Capital One and a managing director in the financial institutions group at Deutsche Bank. During the debate over Dodd-Frank, Date headed the Cambridge Winter Center for Financial Institutions Policy, a research group he founded.
He has served since February as the bureau’s associate director for research, markets and regulation.
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[...] Raj Date. That’s the name that’s being floated around as the nominee for CFPB director. Well the only other option next to Elizabeth Warren at this point. Everyone else has turned it down. [...]