Consumer bureau taps inside candidate to succeed enforcement chief

Kristen Donoghue, principal deputy for enforcement for the Consumer Financial Protection Bureau (CFPB) will become the agency’s next enforcement chief, according to press reports.

Donoghue would succeed Anthony Alexis in the post, who announced in October that he is leaving the consumer bureau. His last day is Nov. 17.

“Kristen Donoghue has been an essential member of the Consumer Bureau’s enforcement team since the very first days of the agency,” said CFPB Director Richard Cordray in a statement. “Kristen is a proven leader who has demonstrated her integrity, deep knowledge of financial services and consumer protection, and commitment to public service.”

Donoghue joined the CFPB in 2011 after working at the law firm Hogan Lovells. She currently serves as Alexis’ chief deputy; before that, she supervised a strategy team in the enforcement division, emphasizing efforts to effect consumer-friendly changes in the financial services market.