The Bank Slate


Former CFPB official to advise fintech Pinwheel

Pinwheel, a fintech that aggregates real-time income and employment data, has added a former Consumer Financial Protection Bureau official to its advisory team.

The company said in a press release that Raj Date had become an advisor. Date, a former deputy director at the CFPB, is a managing director of Fenway Summer, an investment firm, and a co-founder of FS Vector, an advisory firm.

Date participated in Pinwheel’s $20 million Series A funding round in June 2021.

“An expert across many of our industry’s nuances, Raj brings a unique perspective on the complexities of fintech regulation and a window into the evolving public policy context in which we operate,” Kurtis Lin, Pinwheel’s co-founder and CEO, said in the release.

“He is joining Pinwheel at a pivotal time for the industry, as the CFPB works to codify financial data rights policies,” Lin added. “These upcoming regulations have the potential to drive more financial inclusion and innovation enabled by income and payroll data.”

Pinwheel’s clients include financial institutions and other fintechs.

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