Treasury announces senior tech hires

The Treasury Department announced today that it has hired two people as the senior technology leaders for the Consumer Financial Protection Bureau implementation team. Tim Duncan will be the lead for technology operations, and David Forrest will lead the online engagement team.

According to a Treasury press release, Duncan has more than 25 years of experience in managing technology-driven companies focused on information in the financial services industry. Most recently, Duncan served as president and founder of Story Street Partners, an investment management firm that develops broad-based portfolios of traditional investments and evaluates and assesses various alternative investments for a diverse client base.

Forrest has spent the past 16 years working at the Motley Fool, a multimedia financial services company that promotes investor education. Most recently, he managed that company's international subsidiary in London.

“In building the new consumer bureau, we have an opportunity to design an agency that uses 21st-century technology to communicate with and on behalf of American families,” said Elizabeth Warren, assistant to the president and special adviser to the secretary of the Treasury for CFPB. “Tim and David will be instrumental in infusing the CFPB with the tools it will need to empower families and to become an effective cop on the beat patrolling consumer credit markets.”