Mark McArdle, who left the Consumer Finance Protection Bureau (CFPB) in February, will lead regulatory and public policy efforts at Newrez, the multichannel mortgage lender owned by Rithm Capital. 

The announcement, made on Thursday, comes amid a court battle to decide the future of the CFPB’s mass workforce reduction announced on April 17. That action would cut the bureau’s headcount from 1,700 to as few as 200 employees.

On Monday, a U.S. appeals court restored a temporary block on the mass layoffs, allowing employees to keep their jobs details ⇒

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