WASHINGTON, D.C. — While the agency has yet to announce a
replacement for the regulator who will oversee auto financing, the Consumer
Financial Protection Bureau added four new staff members this week.

Among the new additions, the CFPB tapped individuals for the
following positions:

—Assistant director for the office of intergovernmental
affairs
—Assistant director and chief economist for the office of research
—Deputy assistant director for the office of regulations
—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," CFPB director
Richard Cordray said. "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 as joining the CFPB
leadership team:

—Cheryl Parker Rose joins the CFPB as assistant director for
the office of intergovernmental affairs. Rose has over two decades of
experience working with federal, tribal, state and local policymakers.

Most recently, Rose 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 House speaker Nancy
Pelosi.

Other past positions include assistant to the president for strategic
onitiatives 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 Gov. Jeb Bush and the late
Gov. Lawton Chiles.

—Christopher Carroll will serve as the assistant director
and chief economist for the office of research. Carroll is a professor of
economics at Johns Hopkins University, from which he will take a leave of
absence while serving at the bureau.

Carroll 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 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.

The CFPB indicated Carroll will begin his time at the bureau
in January. Until then, 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, 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, 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. Ryan has also held staff
attorney positions at the Department of Justice and the Department of
Education.

—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, 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, Ellis was a senior associate at PricewaterhouseCoopers,
where she worked in the banking and capital markets audit practice.

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