Ex-CFPB deputy enforcement director joins Wilmer Hale
- John Wells was most lately deputy enforcement director of the Consumer Financial Protection Bureau
- Firms eying uptick in enforcement
(Reuters) – John Wells, who was deputy enforcement director of the Consumer Financial Protection Bureau till earlier this month, has joined Wilmer Cutler Pickering Hale and Dorr as a companion in its monetary providers follow, the agency mentioned Wednesday.
Washington, D.C.-based Wells spent virtually a decade on the CFPB, the place he rose from enforcement legal professional to assistant litigation deputy, and eventually to deputy enforcement director in March 2018. Wells mentioned he led or supervised greater than 75 public enforcement actions throughout his tenure on the company, together with main investigations into gross sales practices at Wells Fargo and an information breach involving Equifax Inc.
“I’m ready for a new challenge after a long and very rewarding period of working at the bureau,” Wells mentioned. At Wilmer Hale, Wells mentioned he expects to symbolize monetary establishments and different corporations in authorities enforcement issues, significantly issues involving his former company.
Before becoming a member of the CFPB in 2012, Wells had practiced for greater than eight years at White & Case. He clerked for former U.S. circuit choose Karen J. Williams on the 4th Circuit for 2 years earlier than that.
According to a agency spokesperson, Wilmer Hale’s securities and monetary providers group has about 20 legal professionals who dedicate their time to CFPB issues.
Wells is a minimum of the second senior CFPB official to be lured again to non-public follow in current months, as regulation companies put together for heightened enforcement through the Biden administration and below the watchdog company’s new director, Rohit Chopra.
Last month, John Coleman, the CFPB’s former deputy normal counsel, joined Buckley as a companion in Washington. Paul Hastings this week introduced on Venable monetary providers follow chair Allyson Baker, one other company alum, to guide a brand new CFPB follow.
Paul Hastings faucets Venable monetary providers head for brand new CFPB group
CFPB vet joins Buckley in D.C.