Report: New consumer bureau deputy director will split time with current job at FDIC

A new deputy director for the federal consumer financial protection agency will be splitting time between that organization and his current position at the federal insurer of bank deposits, according to news reports Wednesday.

Leonard Chanin, who has served as deputy to Federal Deposit Insurance Corp. (FDIC) Chairman Jelena McWilliams since last year, will be replacing Brian Johnson as deputy director of the Consumer Financial Protection Bureau (CFPB), according to the reports. However, Chanin – who previously served as CFPB’s assistant director of the Office of Regulation – will continue his role as deputy to McWilliams, according to the reports.

Johnson left the bureau this month to join a Washington law firm. Chanin moved to FDIC last year after serving as deputy general counsel and senior vice president at Fifth Third Bank in Cincinnati, Ohio. His boss there was McWilliams, who served as general counsel.

At his first stint at CFPB, Chanin was responsible for implementing federal consumer financial services laws. Before that, he served for two decades in the Federal Reserve’s division of consumer and community affairs, most recently as the division’s deputy director, providing legal opinions and policy recommendations to the board and other activities.

Chanin holds a J.D. from Washington University School of Law and a Bachelor of Arts in political science, cum laude, from American University.