According to the Salt Lake Tribune: "Chris Peterson will take a leave from the U[niversity of Utah] law school to join the
enforcement unit of the new bureau, charged with regulating everything
from credit cards to mortgages. He has called for a warning label on payday
loans that would mark them as "predatory," and he has been critical of
the Mortgage Electronic Registration System, or MERS, a mega-company
created by mortgage bankers that owns more than half of all residential
mortgages and has been actively foreclosing on thousands of Americans. 'This appointment manifests the bureau’s
willingness to appoint senior staff members who have staked out strong
positions on the merits of highly contentious issues the bureau will be
facing,' wrote Alan Kaplinsky, who writes the CFPB Monitor blog and
represents companies involved in consumer lending."
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