The Consumer Financial Protection Bureau announced it appointed six industry veterans to leadership positions at the bureau.
“I am very pleased to announce these new additions and updates to the CFPB leadership team,” said CFPB Director Richard Cordray. “These talented individuals will help us carry out our mission of protecting consumers and making markets work for everyone.”
Elizabeth Ellis joins the company as deputy associate director for the External Affairs Division.
Most recently, Ellis served as deputy assistant director for the office of financial institutions and business liaison at the CFPB. She also worked as senior advisor to the bureau’s chief of staff. Before coming to the bureau, she was a financial analyst on the Congressional Oversight Panel, where she evaluated the Troubled Asset Relief Program and reviewed the state of financial markets and the regulatory system.
Seth Frotman will officially serve as the CFPB’s new student loan ombudsman and assistant director for the Office for Students and Young Consumers. He was serving in the same position but on an acting basis.
In early 2011, Frotman joined the bureau as part of the Treasury Implementation Team as senior advisor to Holly Petraeus, the assistant director for the Office of Servicemember Affairs.
Katherine Gillespie was appointed deputy associate director for the Consumer Education and Engagement Division. She was serving in the same position but on an acting basis.
Prior to that, Gillespie worked as senior counsel to the bureau’s deputy director and the associate director of the Supervision, Enforcement, and Fair Lending Division. She originally joined the CFPB in 2011 as a senior counsel in the Office of Fair Lending and Equal Opportunity.
Grady Hedgespeth joins the CFPB as the assistant director for the Office of Small Business Lending Markets. Before the bureau, Hedgespeth served as the director of the Office of Economic Opportunity for the U.S. Small Business Administration.
Chris Johnson will serve as the assistant director for the Office of Consumer Response. He was serving in the same position but on an acting basis.
He joined the Office of Consumer Response in January 2011 as a member of the Treasury Implementation Team. Johnson also worked as the deputy assistant director, a section chief, and a quality assurance manager.
John Schroeder will serve as the midwest regional director for the Office of Supervision Examinations. He was serving in the same position but on an acting basis.
Before coming to the bureau, Schroeder spent over two decades working for the Indiana Department of Financial Institutions, where he served as general counsel and Deputy Director of Consumer Credit along with a number of other roles.