More than a dozen of the Consumer Financial Protection Bureau's senior-level officials have left the agency this year, including chief of staff Garry Reeder. Numerous reasons have been given for the departures, but concerns about the CFPB's ability to devise new rules and conduct examinations with experienced people at the helm continue unabated.

While some turnover in the ranks is to be expected, the rash of high-level departures worries bankers. Alan S. Kaplinsky, Practice Leader of Ballard Spahr's Consumer Financial Services Group, told American Banker: "Retaining experienced senior officials does tend to give bankers a level of comfort."

The bureau's accomplishments to date have made CFPB officials targets for recruiting by the private sector. "Firms are very interested in recruiting people who have CFPB experience," Mr. Kaplinsky said. "If we can find the right person that's got enough experience at the CFPB, we'd be very, very interested."

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