New Jersey Creating State-Level CFPB

New Jersey Governor Phil Murphy plans to nominate Paul R. Rodriguez to serve as director of the state Division of Consumer Affairs, fulfilling a promise to create a “state-level CFPB” in New Jersey, according to a press release issued by Attorney General Gurbir S. Grewal.

“As the federal government abandons its responsibility to protect consumers from financial fraudsters, it is more important than ever that New Jersey picks up the mantle to protect its own residents,” said Attorney General Grewal.

Rodriguez, who will serve as acting director beginning on June 1, is currently acting counsel to New York City Mayor Bill de Blasio where he provides advice and strategic guidance to the mayor and top administrative officials on legal, management, and policy objectives. Rodriguez must still be confirmed by the state Senate after he is formally nominated.