Warren Slammed For Connection Notorious Consulting Firm

Via The Washington Examiner:

Elizabeth Warren, who has been critical of 2020 Democratic rival Pete Buttigieg for not revealing clients from his time as a McKinsey and Co. management consultant, hired three former employees of the firm to staff senior posts at the Consumer Financial Protection Bureau.

In February 2011, Warren, then head of the CFPB, announced a slew of new appointments to the federal agency responsible for consumer protection in the financial sector, with oversight of banks, credit unions, securities firms, payday lenders, debt collectors, and other sectors. Warren described the incoming employees as “top-notch leaders with a wide range of experiences.”

That included Raj Date, whose experience included a decade at Deutsche Bank Securities. Among Date’s previous experiences, he was an engagement manager at McKinsey from September 1996 to August 2001.

And Warren, in 2010 when she was tasked with the initial launch of the CFPB, brought on Rohit Chopra as assistant director in the agency’s student loan oversight and young consumers department. Chopra, who currently works as a commissioner for President Trump’s Federal Trade Commission, started his career at McKinsey from 2008 to 2010.

 

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