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Written Testimony of CFPB Acting Deputy Director David Silberman prior to the homely house Committee on Financial solutions Subcommittee

Written Testimony of CFPB Acting Deputy Director David Silberman prior to the homely house Committee on Financial solutions Subcommittee

Chairman Neugebauer, Ranking Member Clay, and people in the Subcommittee, thank you when it comes to possibility to testify today in regards to the customer Financial Protection Bureau’s (Bureau or CFPB) substantial and ongoing work linked to lending that is payday. I am David Silberman, and I also act as Associate Director for analysis, Markets, and laws during the CFPB, a situation we have held since 2011. Final i also was named as Acting Deputy Director month.

In November 2010, We joined up with the Bureau within the execution group.

before the Bureau, we served as General Counsel and Executive Vice President of Kessler Financial solutions, a company that is privately-held on making and supporting bank card along with other economic solutions to account businesses. My participation in customer services that are financial whenever I ended up being Deputy General Counsel associated with AFL-CIO. While during the AFL-CIO, we aided generate a company to deliver monetary solutions to union people while the very first AFL-CIO charge card system. We started my job as online title loans Kentucky being a statutory legislation clerk to Justice Thurgood Marshall.

You may already know, the CFPB may be the nation’s very very first federal agency with a single concentrate on protecting customers into the consumer marketplace that is financial. (more…)

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