My good friend Chris Peterson is joining the CFPB, and therefore leaving the list of contributors to this blog. He's taking a leave of absence from his position as the John J. Flynn Endowed Professor of Law at the Univeristy of Utah, and has stepped down as academic dean of the law school. Chris and I are sort of switching places; he's joined the agency as Senior Counsel for Enforcement Strategy, the same title that I most recently held -- though, unlike me, Chris will focus his efforts on the western United States.
I wish Chris the best of luck in his new role. Those who know him and his scholarship in the field of consumer finance know that this hire is a major coup for the CFPB. His work -- on the mortgage market, MERS, securitization, preemption, payday lending, and other big topics in predatory lending -- blends the empirical with the doctrinal, and consistently has an impact not only in the world of scholarship but in the real world as well. To name just one example, Chris's eye-opening study on the law and geography of payday loans, demonstrating that payday lenders target servicemembers, led to a Defense Department investigation and, in turn, to the enactment of the Military Lending Act of 2007. Not bad for a law review article. It's only appropriate that an agency that owes its existence to a scholarly article by a law professor should have the good sense to draw on Chris's considerable talents.
Update: Alan Kaplinsky posts on the appointment at the CFPB Monitor blog. (Last year, Alan said my appointment "certainly raise[d] ... concerns." In fact, as far as I can tell, Alan's blog takes the view that pretty much everything the CFPB does is a cause for concern.)