BOSTON—Massachusetts Commissioner of Banks Steven Antonakes is accepting a new job at the U.S. Treasury.
Treasury officials said Tuesday that Antonakes will join the agency's Consumer Financial Protection Bureau team charged with building a consumer supervision program for the nation's largest depository institutions.
In his new job, Antonakes will oversee the nation's largest banks and credit unions to make sure they are complying with federal consumer protection laws.
Antonakes has served as Massachusetts commissioner of banks since 2003.
Gov. Deval Patrick credited Antonakes with playing a leadership role in the state's response to the foreclosure crisis.
Chief Operating Officer of the Division of Banks David Cotney has been named acting banks commissioner.
