North­eastern alumnus Steven L. Anton­akes, PhD’98, has been selected to a lead­er­ship posi­tion in the new fed­eral Con­sumer Finan­cial Pro­tec­tion Bureau (CFPB).

Anton­akes, who has served as the Mass­a­chu­setts com­mis­sioner of banks since 2003, will head the CFPB’s Bank Super­vi­sion Group. He will super­vise exam­i­na­tions of the country’s largest banks and credit unions to ensure they are com­plying with fed­eral con­sumer pro­tec­tion laws and regulations.

Anton­akes earned his doc­torate in Northeastern’s Law, Policy and Society pro­gram, which exam­ines the law, legal insti­tu­tions, and public policy from an inter­dis­ci­pli­nary social sci­ence per­spec­tive. Stu­dents engage in policy analysis and applied research in a range of fields, including crime, law and jus­tice, race and gender policy, health policy, and edu­ca­tion and work­force development.

My North­eastern expe­ri­ence not only sharp­ened my legal and ana­lyt­ical skills, but also taught me the value of con­sid­ering com­plex policy issues from mul­tiple per­spec­tives,” Anton­akes said.

The bureau was cre­ated ear­lier this year as part of the major finan­cial reform leg­is­la­tion. The fed­eral watchdog bureau is charged with reg­u­lating finan­cial insti­tu­tions and over­seeing con­sumer finan­cial prod­ucts, as well as addressing con­sumer prob­lems in these areas. The bureau was cre­ated to pro­tect con­sumers from unfair, abu­sive prac­tices and improve trans­parency in the finan­cial sector, with over­sight in areas such as mort­gage lending and credit card laws.

For the last two decades, Anton­akes has ascended through the ranks of the Commonwealth’s Divi­sion of Banks, begin­ning his career as a bank exam­iner in 1990. The Divi­sion of Banks over­sees 240 state-​​chartered banks and credit unions, as well as thou­sands of other finan­cial enti­ties, and is an agency within the state Office of Con­sumer Affairs and Busi­ness Regulation.