Peggy Twohig is a recognized expert in federal consumer financial laws and related policy issues. She worked to protect consumers in financial services markets for close to 30 years in leadership positions at the Federal Trade Commission, Department of the Treasury, and Consumer Financial Protection Bureau. She was a founding executive of the CFPB when the agency was created in 2010 and led the development of the first federal supervision program over nonbank consumer financial companies. Beginning in 2012, as head of CFPB's Office of Supervision Policy, Peggy led the office responsible for developing supervision strategy for bank and nonbank markets and ensuring that federal consumer financial laws were applied consistently in supervisory matters across markets and regions. During her government career, Peggy testified before Congress on legal and policy issues related to credit reporting, data security, credit scoring, subprime lending, and home equity fraud.
Prior to her work at the CFPB, Peggy was Director of the Office of Consumer Protection at the Department of the Treasury, where she supported the Obama Administration's proposal to create a new consumer agency as part of financial regulatory reform. Immediately before joining Treasury, she served as Associate Director of the Division of Financial Practices at the Federal Trade Commission. In her 17-year tenure at the FTC, she oversaw enforcement, regulatory, and policy matters related to consumer financial services, including cases involving fair lending, mortgage lending and servicing, credit reporting, debt collection, and financial privacy. Peggy's career also included work as a litigator with Arnold & Porter in Washington, D.C. She received her law degree from the New York University School of Law and a master's degree in public policy from the Princeton School of Public and International Affairs. After law school, she clerked for the Honorable William K. Thomas in United States District Court for the Northern District of Ohio.
