BCFP Announces New Office of Innovation Director

BCFP Announces New Office of Innovation Director

Bureau of Consumer Financial Protection Acting Director Mick Mulvaney selected Paul Watkins to lead the Bureau’s new Office of Innovation.

Acting Director Mulvaney recently created the Office of Innovation to focus on encouraging consumer-friendly innovation, which is now a key priority for the Bureau. To achieve this goal, the new office will focus on creating policies that facilitate innovation, engaging with entrepreneurs and regulators and reviewing outdated or unnecessary regulations.

Watkins comes to the Bureau from the Arizona Office of the Attorney General, where he managed the office’s FinTech initiatives. Watkins was also the Chief Counsel for the Civil Litigation Division. In that role, he managed the state’s litigation in areas, such as consumer fraud, antitrust, and civil rights.