
Appointment of CFPB’s No. 3 Raising Eyebrows
As the new head of supervision and enforcement, the No. 3 slot at the agency, Chris D'Angelo, at age 37, oversees the agency's largest department, with about 700 lawyers and staff employees. But some industry observers find the appointment unusual, in that D'Angelo's counterpart at other agencies are usually experienced lawyers with decades of supervisory experience. Many credit his quick rise to his close ties to CFPB Director Cordray. [8/18/16]