WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) announced the appointment of new consumer experts from outside the federal government to the Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. The four bodies provide advice to CFPB leadership on a broad range of consumer financial issues and emerging market trends.
“The Bureau’s advisory board and councils play an important role in making sure that the Bureau is taking into account the wide variety of perspectives and views in the consumer financial marketplace,” said CFPB Director Cordray. “The new additions being announced today bring experience and knowledge that will help inform the CFPB’s work going forward.”
The Dodd-Frank Wall Street Reform and Consumer Protection Act charges the CFPB with establishing a Consumer Advisory Board to advise and consult with the Bureau’s Director on a variety of consumer financial issues. At the behest of the Director, the Bureau also created a Community Bank Advisory Council, a Credit Union Advisory Council and an Academic Research Council. The Community Bank and Credit Union Advisory Councils advise and consult with the Bureau on consumer financial issues related to community banks and credit unions. The Academic Research Council shares insight relating to research methodologies, data collection, and analytic strategies. In January 2016, the CFPB issued a Federal Register Notice outlining the responsibilities of the advisory groups, as well as the duties of its members, and solicited applications for appointment.
The newly appointed advisory group members include experts in consumer protection, financial services, community development, fair lending, civil rights, consumer financial products or services, representatives of community banks and credit unions, and scholars with relevant methodological and subject matter experience. The expertise and institutional-size diversity among advisory group members reflects the range of issues under the Bureau’s jurisdiction as well as the racial, ethnic and geographic diversity of U.S. consumers. New members to the Consumer Advisory Board and Academic Research Council will serve three-year terms and new members to the Community Bank and Credit Union Advisory Councils will serve two-year terms.
Consumer Advisory Board Members:
Drysdale, Managing Attorney, Consumer Law Unit, Jacksonville Area Legal
Aid, Inc., Jacksonville, Fla.
Gonzalez, Executive Director, California Reinvestment Coalition, San
Howle, Head of U.S. Retail Bank, Citibank, New York, N.Y.
Maker, Senior Attorney, Empire Justice Center, Rochester, N.Y.
Schutte, Founder and Managing Partner, Core Innovation Capital, Los Angeles,
Servon, Professor, The New School, New York University, New York, N.Y.
Vazquez, Chief Executive Officer, Oportun, Redwood City, Calif.
M. Wehmann, Executive Vice President, Scores for Fair Isaac Corporation
(FICO), Roseville, Minn.
Chi Wu, Staff Attorney, National Consumer Law Center, Boston, Mass.
Community Bank Advisory Council Members:
A. Ballard, Vice President and Director, First Iowa State Bank, Albia, Iowa
D. Case, President and Chief Executive Officer, Generations Bank, Seneca Falls,
Feighery, Vice President and Community Reinvestment Act /Fair Lending
Officer for Citywide Banks, Denver, Colo.
K. Hughes, Senior Vice President and Director of Mortgage and Retail
Lending, First Federal Savings Bank of Twin Falls, Twin Falls, Idaho
Kidd Johnson, President, Chief Operating Officer and Chief Risk Officer,
Western Bank, Alamogordo, N.M.
Ratcliff, Senior Vice President, Chief Compliance Officer, Bank of North
Carolina, High Point, N.C.
Sorbe, President, Central Payments Division, Central Bank of Kansas
City, Kansas City, Mo.
Credit Union Advisory Council Members:
Lleva Anderson, Senior Vice President and General Counsel,
American Airlines Federal Credit Union, Fort Worth, Texas
Berry, Chief Executive Officer, Duke University Federal Credit Union, Durham,
F. Harrigan, Chief Risk Officer and General Counsel, Service Credit Union,
Ledezma, Corporate Compliance Assurance Manager, San Antonio Federal Credit
Union, San Antonio, Texas
Marshall, Chief Executive Officer, North Side Community Federal Credit Union,
T. Matthews, Senior Vice President of Legal & Compliance, Local
Government Federal Credit Union, Raleigh, N.C.
Nelson, Chief Executive Officer, Point West Credit Union, Portland, Ore.
Zillgitt, Vice President Risk Management and General Counsel, Lake Trust Credit
Union, Brighton, Mich.
Academic Research Council Members:
Ayres, William K. Townsend Professor, Yale Law School, New Haven, Conn.
Madrian, Professor, Harvard University, Cambridge, Mass.
More information on the Bureau’s advisory groups can be found here: http://www.consumerfinance.gov/advisory-groups/
The Consumer Financial Protection Bureau is a 21st century agency that helps consumer finance markets work by making rules more effective, by consistently and fairly enforcing those rules, and by empowering consumers to take more control over their economic lives. For more information, visit www.consumerfinance.gov