Treasury says counsel hired for consumer bureau

WASHINGTON Wed Jan 26, 2011 3:53pm EST

WASHINGTON (Reuters) - The U.S. Treasury Department announced on Wednesday that four lawyers have been hired to run the new Consumer Financial Protection Bureau's general counsel's office.

Leonard Kennedy will be general counsel, coming to the post from Sprint Nextel Corp where he managed its legal department and advised senior managers on the company's business including a major merger.

The principal deputy general counsel will be Meredith Fuchs. She joins from the U.S. House of Representatives where she was chief investigative council for the energy committee.

Roberto Gonzalez will be deputy general counsel after serving in the White House as associate counsel and special assistant to the President.

Michael Gordon also will be a deputy general counsel, moving into the new role from the Treasury Department where he served as a counselor.

The consumer protection bureau is being set up under the guidance of Elizabeth Warren as one outcome of last year's Dodd-Frank regulatory overhaul law and has a mission to ensure big banks and financial firms do not take advantage of consumers when offering mortgages, loans and other services.

Eventually it will be housed within the Federal Reserve but now is just being put into shape by Warren, who serves as an assistant to the President and special adviser to the U.S. Treasury secretary.

(Reporting by Glenn Somerville, editing by Kenneth Barry)

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