Kelly Cochran, assistant director of regulations at the Consumer Financial Protection Bureau (CFPB), is one of a few people who reviews every rule from the agency. Colleagues describe her as one of the industry’s most influential yet unnoticed players.
“Everyone knew when they signed onto the regulations team that it wasn’t a typical government job. In the process leading up to the final mortgage rules, I don’t think anyone took a day off. And Kelly was accommodating to her staff as much as she could be while also prioritizing and getting the job done,” said Colgate Selden, counsel in Alston & Bird’s Consumer Finance Regulatory Compliance Group and former senior counsel in the CFPB Office of Regulations. “If you had to look at one person at that agency who’s done more work on the rules, it’s Kelly. She’s a machine. Everything went through her for every rule and she has a good idea of what the rules did.”