David Silberman To Serve As Acting Deputy Director For CFPB


David Silberman has been selected by the Consumer Financial Protection Bureau (CFPB) to serve as its acting deputy director, a position currently held by Meredith Fuchs.

Silberman currently serves as associate director for research, markets and regulations, a position he has held since 2011 and will retain in the interim. He will serve as acting deputy director while a search for a replacement is conducted, the bureau says in a release.

Prior to joining the CFPB in 2010, Silberman served for 12 years as general counsel and executive vice president of Kessler Financial Services, a privately held company focused on providing advisory services in developing and marketing financial service products through distribution partnerships.

His involvement with consumer financial services began when, as deputy general counsel of the AFL-CIO, he created and then served as president and CEO of Union Privilege, an arm of the AFL-CIO responsible for sponsoring and overseeing the delivery of financial services to union members.

Silberman began his career as a law clerk for Justice Thurgood Marshall and then as a member of the law firm Bredhoff & Kaiser.

Several weeks earlier, the bureau announced that it had tapped Mary McLeod as its new general counsel.

Currently, Fuchs is still serving as the company's general counsel, in addition to acting deputy director.

Fuchs announced in late July that she would eventually be departing the agency. She was to serve as acting deputy director until a permanent replacement was found for former deputy director Steven Antonakes.

Interestingly, Fuchs had announced just prior to her appointment as acting deputy director that she was planning to leave her position as general counsel. She agreed to stay on until the bureau filled the two positions.

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