More than eight months after Rick Hackett left the Consumer Financial Protection Bureau, the agency tapped a replacement regulator on Wednesday whose main jurisdiction is the auto finance market.
Joining the CFPB as the assistant director of installment and liquidity lending markets in the bureau’s research, markets, and regulations division is Jeffrey Langer, who most recently served as senior counsel at Macy’s in Mason, Ohio.
Langer also has served as a partner in several law firms, including Jones Day and Dreher Langer & Tomkies. He is a founding fellow and treasurer of the American College of Consumer Financial Services Lawyers and is a former chair of the Consumer Financial Services Committee of the American Bar Association Business Law Section.
Hackett spent two years at the CFPB before departing the bureau last summer. Hackett arrived at the CFPB in 2011 after being a founder of the banking and financial services group at Pierce Atwood in Maine.
“I have no hesitation in saying that my work with CFPB has been the most rewarding, most challenging and most physically tasking assignment I have had in 35 years,” Hackett said in his farewell message obtained by SubPrime Auto Finance News last year.
“Of particular importance to me are the relationships I have been privileged to develop with bureau stakeholders, who have taught me critical information about the relationship of government and its stakeholders, the complexity of policy formulation, and the importance of frank and transparent exchange of ideas,” he continued.
Hackett now is a partner at Hudson Cook, a role he started in earlier this month. Hackett is set to be one of the keynote speakers during the upcoming National Conference hosted by the National Alliance of Buy-Here, Pay-Here Dealers in May in Las Vegas.
Langer’s appointment to the CFPB post was one of three announcements the bureau made this week.
Christopher Carroll also joined the CFPB as the assistant director and chief economist for the office of research in the bureau’s research, markets, and regulations Division.
Carroll is a professor of economics at Johns Hopkins University, from which he has taken a leave of absence while serving at the bureau. He also is a member of the board of directors of the National Bureau of Economic Research, and the co-chair of the NBER Research Group on Consumption. Carroll has served as a senior economist for the Council of Economic Advisors on two separate occasions, and as an economist for the Board of Governors of the Federal Reserve System.
The bureau also announced Daniel Dodd-Ramirez joined the agency as the assistant director of financial empowerment in the bureau’s consumer education and engagement division.
Dodd-Ramirez previously served as the executive director of Step Up Savannah in Savannah, Ga., from 2005 to 2014. Prior to Step Up, Dodd-Ramirez served as education project director and community organizer for People Acting for Community Together (PACT) in Miami.
From 1998 to 2000, Dodd-Ramirez was the human resources director for Families First, a social services agency in southern Vermont.
“I’m pleased that these incredibly talented individuals have joined the bureau,” CFPB director Richard Cordray said. “All three offices play an essential role in making sure that consumers are being treated fairly. These experts will lead the teams that help us monitor the marketplace and provide tangible benefit to consumers.”