Mark Kaufman, Commissioner of Financial Regulation
Commissioner of Financial Regulation
Mark Kaufman was nominated Commissioner of Financial Regulation by Governor Martin O'Malley in 2010. Previously,
Mr. Kaufman served as Deputy Commissioner from 2008 to 2010. As Commissioner, Mr. Kaufman is responsible for
the Division and its supervision of approximately 60 banks, trust companies and credit unions with over $25 billion
in assets and for the licensing and regulation of over 8000 individuals and companies engaged in mortgage origination
and servicing, as well as a variety of other consumer finance enterprises including check cashers, money transmitters
and collection agencies.
As Commissioner, Mr. Kaufman is an outspoken advocate of the community banking system. He has served as Chairman
of the Regulatory Committee of the Conference of State Bank Supervisors and as a member of the group's Board
of Directors, as well as being a Director of the State Regulatory Registry, the multistate entity responsible
for overseeing the NMLS system.
Under his leadership, the Division of Financial Regulation has also played a key role in the effort to address the
foreclosure crisis at the state and national levels. The Commissioner serves on the Monitoring Committee for the
$25 billion nationwide mortgage servicing settlement. He is the only bank regulator serving on the Monitoring
Committee with Attorneys General from around the nation. In addition, Commissioner Kaufman has also led the Division's
effort to address abuses in litigation-related collections activity and online payday lending.
Mr. Kaufman brings over fifteen years of banking and financial services experience to his position. Mr. Kaufman
was a Managing Director in Investment Banking with CIBC World Markets in Baltimore and co-head of the firm's Business
Services practice. Previously, he was a Principal in the Investment Banking Division of Alex. Brown & Sons/Deutsche
Bank and earlier served as an Associate in the Treasury at JP Morgan. Mr. Kaufman also served on the staff of
the U.S. Senate Committee on Banking, Housing and Urban Affairs from 1992 to 1994.
Mr. Kaufman holds MBA and MPA degrees from Columbia University and a BA from Brown University, magna cum laude. He is
a member of the Board of Trustees of the Enoch Pratt Free Library, serving as Treasurer since 2011, and a Director
of the Jacob K. Javits Foundation.