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CFPB Announces New Additions to Leadership Team

WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) is announcing the addition of several new members to leadership positions within the Bureau. The positions being announced today are: the Assistant Director for the Office of Intergovernmental Affairs; the Assistant Director and Chief Economist for the Office of Research; the Deputy Assistant Director for the Office of Regulations; and the Deputy Assistant Director for the Office of Financial Institutions and Business Liaison.

“These new additions to CFPB leadership positions continue to showcase the high caliber of people who are joining our team,” said CFPB Director Richard Cordray. “Working to make consumer markets safer and more effective is a major task, but this is an attractive mission and today’s announcement shows that we continue to bring in top-flight people who are determined to get the job done.”

The following individuals were announced today as joining the CFPB leadership team:

Cheryl Parker Rose joins the CFPB as Assistant Director for the Office of Intergovernmental Affairs. She has over two decades of experience working with federal, tribal, state and local policymakers. Most recently, she was Deputy Director of U.S. Government Relations for the Bill and Melinda Gates Foundation, and from 2007 to 2010 she was Senior Advisor and Director of Intergovernmental Affairs for Speaker Nancy Pelosi. Other past positions include: Assistant to the President for Strategic Initiatives for the Service Employees International Union; Counsel and Director of Policy for the Democratic Governors Association; Director of the Office of Intergovernmental and Interagency Affairs for the U.S. Department of Education; and Special Counsel for the State of Florida’s Washington Office under Governor Jeb Bush and the late Governor Lawton Chiles. Ms. Rose received her B.S. from Florida Agricultural and Mechanical University, and her J.D. from the Florida State University College of Law.

Christopher Carroll will serve as the Assistant Director and Chief Economist for the Office of Research. Dr. Carroll is a professor of economics at Johns Hopkins University, from which he will take 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. Dr. 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 chief focus of his research has been on understanding households’ spending and financial decisions, with particular emphasis on how the differences across households fit together to influence macroeconomic outcomes. Dr. Carroll received a B.A. in Economics from Harvard University, and his Ph.D. from the Massachusetts Institute of Technology. Dr. Carroll will begin at the Bureau in January. Until then, Dr. Ron Borzekowski – currently Deputy Assistant Director – will serve as the Acting Assistant Director.

Kathleen (Kitty) Ryan will serve as the Deputy Assistant Director for the Office of Regulations. Prior to joining the CFPB, Ms. Ryan served as Senior Regulatory Counsel at JPMorgan Chase & Co. where she focused on regulatory issues impacting mortgage and other consumer businesses, and on fair lending issues. Previously, Ms. Ryan was Senior Counsel in the Federal Reserve’s Division of Consumer and Community Affairs where she was responsible for drafting several major consumer protection rules. Ms. Ryan has also held staff attorney positions at the Department of Justice and the Department of Education. She earned her B.A. from California State University, Northridge, and her J.D. at American University.

Elizabeth Ellis will serve as the Deputy Assistant Director for the Office of Financial Institutions and Business Liaison after previously serving as the Senior Advisor to the CFPB’s Chief of Staff. Prior to joining the CFPB, Ms. Ellis was a financial analyst at the Congressional Oversight Panel, where she evaluated the Troubled Asset Relief Program and reviewed the state of financial markets and the regulatory system. Previously, Ms. Ellis was a Senior Associate at PricewaterhouseCoopers, where she worked in the banking and capital markets audit practice. Ms. Ellis received her B.S. in Finance and M.S. in Accountancy from Wake Forest University.

The Consumer Financial Protection Bureau is a 21st century agency that implements and enforces Federal consumer financial law and ensures that markets for consumer financial products are fair, transparent, and competitive. For more information, visit