WASHINGTON, D.C. — The Bureau of Consumer Financial Protection (Bureau) today announced it will be relocating its southeast regional office from Washington, D.C. to Atlanta, Georgia.
The Bureau already has regional offices in New York, Chicago, and San Francisco that are used mostly by supervision staff but also house enforcement attorneys and other Bureau personnel. Since the Bureau’s inception, the southeast regional team has been based temporarily out of the Bureau’s D.C. headquarters.
The move will align the Bureau with its regulatory partners that already have a regional presence in Atlanta, including the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency.
The city selection process led to Atlanta as the city that best enables the Bureau to fulfill its statutory mission and enhance its collaboration with its regulatory partners, while being as efficient as possible. This process took into account factors including the average rental cost in the region, proximity to institutions examined by the Bureau, and ease of travel for examiners.
Details are still being finalized but the move is anticipated to take place in late 2019.
The Bureau of Consumer Financial Protection is a 21st century agency that helps consumer finance markets work by regularly identifying and addressing outdated, unnecessary, or unduly burdensome regulations, by making rules more effective, by consistently enforcing federal consumer financial law, and by empowering consumers to take more control over their economic lives. For more information, visit consumerfinance.gov.