Goodwin Procter Grabs Anthony Alexis, Formerly CFPB's Enforcement Chief
Anthony Alexis, the former enforcement director of the Consumer Financial Protection Bureau, is joining Goodwin Procter, where he will lead the firm's consumer financial services enforcement practice as a partner. Goodwin Procter was among several firms that recently had expressed interest in hiring a top official from the Obama-era agency, whose leadership was thrown into tumult over the weekend. Two acting directors of the agency, replacing Richard Cordray, have assumed power.
November 27, 2017 at 12:32 PM
5 minute read
Anthony Alexis, former CFPB enforcement director. Credit: Diego M. Radzinschi / ALM
Anthony Alexis, the former enforcement director of the Consumer Financial Protection Bureau, is joining Goodwin Procter, where he will lead the firm's consumer financial services enforcement practice as a partner.
Alexis left the CFPB on Nov. 17, capping a tenure in which he oversaw many of the agency's highest-profile enforcement actions, including the $100 million settlement with Wells Fargo & Co. over the bank's aggressive sales practices. He joined the CFPB in 2012 from Mayer Brown, where he had been a partner, and was formally named enforcement director in 2015 after holding that role in an interim capacity since July 2013.
Goodwin Procter was among the firms that in recent months expressed interest in hiring from the consumer bureau. Alexis wasn't immediately reached for comment Monday. In a statement, Alexis described as “premier” the consumer financial practice at Goodwin Procter.
“In addition to my extensive experience in the consumer financial services regulation and enforcement space, my decades of work in government investigations and litigation are well-suited to Goodwin's outstanding record of success in handling the most challenging litigation and enforcement matters in the administrative, trial court and appellate arenas,” Alexis said in a statement. “I welcome the opportunity to collaborate with Goodwin's litigation, enforcement and regulatory experts for the benefit of our clients.”
Alexis' interest in returning to Big Law had been widely known in the CFPB orbit for the past year, but a return to Mayer Brown was considered unlikely. The firm had earlier bolstered its consumer finance practice in pulling a team from K&L Gates that included Ori Lev, a former deputy enforcement director at the CFPB.
In the months leading up to Alexis' departure, Goodwin Procter was among the top firms courting a high-ranking CFPB official, whose name was redacted in ethics disclosures concerning a summer meeting with the firm. The firms Sidley Austin, Ballard Spahr and Manatt, Phelps & Phillips had also requested to meet with a senior CFPB official, according to similar ethics disclosures, and were known in the legal industry to be interested in Alexis.
Earlier this month, Alexis' top deputy, Kristen Donoghue, was appointed his successor, as The National Law Journal first reported. But her tenure may be brief.
On Nov. 24, just weeks after promoting Donoghue to enforcement director, Richard Cordray resigned and elevated his chief of staff, Leandra English, to the role of deputy director. The promotion put English in line to step in as the agency's acting director.
Within hours of Cordray announcing his resignation, effective last Nov. 24, the Trump administration appointed Office of Management and Budget Director Mick Mulvaney to serve as the CFPB's temporary head while the White House moves to install a permanent replacement.
English, represented by Deepak Gupta of Washington's Gupta Wessler, on Sunday night sued the Trump administration to block Mulvaney's leadership as acting director. English and Mulvaney both showed up to work Monday morning at CFPB headquarters in Washington.
The competing claims to the acting directorship have thrown the CFPB's first significant transfer of power into disarray.
With a box of doughnuts in tow, Mulvaney arrived at the CFPB headquarters Monday morning and has held meetings with agency staff. In an email, he directed CFPB staff to not recognize English as the agency's leader, Reuters reported.
“Please disregard any instructions you receive from Ms. English in her presumed capacity as acting director,” he wrote. “If you receive additional communications from her today … please inform the general counsel.” (The CFPB's general counsel, Mary McLeod, issued a memo on Nov. 25 supporting the appointment of Mulvaney as acting director.)
Earlier Monday, English wrote an email welcoming CFPB back from the Thanksgiving holiday and expressed her gratitude for their service, signing off as the “acting director.”
English's lawsuit asked a federal judge to declare her the agency's rightful—albeit temporary—leader and order the Trump administration to refrain from appointing an acting director. Ultimately, Trump has the power to nominate a successor to Cordray, who has not announced his post-CFPB plans.
Read more:
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllTrump's Solicitor General Expected to 'Flip' Prelogar's Positions at Supreme Court
Auditor Finds 'Significant Deficiency' in FTC Accounting to Tune of $7M
4 minute readTexas Court Invalidates SEC’s Dealer Rule, Siding with Crypto Advocates
3 minute readTrending Stories
- 1Gibson Dunn Sued By Crypto Client After Lateral Hire Causes Conflict of Interest
- 2Trump's Solicitor General Expected to 'Flip' Prelogar's Positions at Supreme Court
- 3Pharmacy Lawyers See Promise in NY Regulator's Curbs on PBM Industry
- 4Outgoing USPTO Director Kathi Vidal: ‘We All Want the Country to Be in a Better Place’
- 5Supreme Court Will Review Constitutionality Of FCC's Universal Service Fund
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250