Aggregated News From Investment Management Regulators

Consumer Financial Protection Bureau Announces Advisory Committee Members

Report/Flag

Please complete the required fields.



Consumer Financial Protection Bureau Director Kathleen L. Kraninger has announced the appointment of members to the Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and Academic Research Council (ARC). These experts advise Bureau leadership on a broad range of consumer financial issues and emerging market trends.

In spring 2019, Director Kraninger announced a series of enhancements to the Bureau’s advisory committee charters, including: expanding the focus of the meetings to cover broad policy matters; increasing the frequency of in-person meetings from two times a year to three times a year for the CAB, CBAC, and CUAC; elevating the ARC to a Director-level advisory committee and increasing its meeting frequency; and increasing term lengths from one year to two years, among other enhancements.

The CAB is mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act to advise and consult with the Bureau’s Director on a variety of consumer financial issues. The Bureau also created three additional discretionary councils: the CBAC, CUAC, and ARC. The CBAC and CUAC advise and consult with the Bureau on consumer financial issues related to community banks and credit unions. The ARC advises the Bureau on its strategic research planning process and research agenda and provides feedback on research methodologies, data collection strategies, and methods of analysis, including methodologies and strategies for quantifying the costs and benefits of regulatory actions.

The following members will serve on each of their respective committees:

Consumer Advisory Board (CAB)

  • Chair of the CAB – Eric Kaplan, Director – Housing Finance Program, Milken Institute (Washington, DC)
  • Joaquin Altoro, CEO, Wisconsin Housing & Economic Development Authority (Madison, WI)
  • Nikitra Bailey, EVP, Center for Responsible Lending (Durham, NC)
  • Lorray Brown, Attorney/Consumer Law Attorney, Co-Director, Michigan Poverty Law Program (Ypsilanti, MI)
  • Nadine Cohen, Managing Attorney, Greater Boston Legal Services (Boston, MA)
  • David Ehrich, Executive Director, AIR – Alliance for Innovation Regulation (Washington, DC)
  • Mae Watson Grote, Founder and CEO, The Financial Clinic (Brooklyn, NY)
  • Tim Lampkin, CEO, Higher Purpose Co. (Clarksdale, MS)
  • Leigh Phillips, President and CEO, EARN DBA SaverLife (San Francisco, CA)
  • Jean Setzfand, Senior Vice President, AARP (Washington, DC)
  • Rebecca Steele, President/CEO, National Foundation for Credit Counseling (Washington, DC)
  • Tim Welsh, Vice Chairman Consumer and Business Banking, U.S. Bank (Minneapolis, MN)

Community Bank Advisory Council (CBAC)

  • Chair of the CBAC – Valerie Quiett, SVP and Chief Legal Officer, Mechanics and Farmers (M&F) Bank (Durham, NC)
  • John Buhrmaster, President & CEO, First National Bank of Scotia (Scotia, NY)
  • Patrick Ervin, EVP, Independent Bank (Troy, MI)
  • Shan Hanes, President and CEO, Heartland Tri-State Bank (Elkhart, KS)
  • Ronette Hauser-Jones, Mortgage Division President, Great Plains Bank (Oklahoma City, OK)
  • Bruce Ocko, Senior VP Director of Mortgage & Consumer Lending, Bangor Savings Bank (Bangor, ME)
  • Kristina Schaefer, General Counsel & Chief Risk Officer, Fishback Financial Corporation/First Bank & Trust (Brookings, SD)
  • Brad Williamson, CEO & President, Islanders Bank (Friday Harbor, WA)

Credit Union Advisory Council (CUAC)

  • Chair of the CUAC – Racardo McLaughlin, VP Mortgage Originations/Operations, TwinStar Credit Union (Lacey, WA)
  • Monica Davis, Senior Vice President Risk management, Union Square Credit Union (Wichita Falls, TX)
  • Michelle Dwyer, President/CEO, Franklin First Federal Credit Union (Greenfield, MA)
  • Rick Durante, VP, Director of Corporate Social Responsibility and Government Affairs, Franklin Mint Federal Credit Union (Chadds Ford, PA)
  • Doe Gregersen, Vice President & General Counsel, Landmark Credit Union (New Berlin, WI)
  • Brian Holst, General Counsel, Elevations Credit Union (Boulder, CO)
  • Jose Iregui, Vice President of Loan Servicing and Collections, Langley Federal Credit Union (Newport News, VA)
  • Jeremiah Kossen, President & CEO, Town and Country Credit Union (Minot, ND)

Academic Research Council (ARC)

  • Chair of the ARC – Joshua Wright, Professor, Scalia Law School at George Mason University (Arlington, VA)
  • Michael Baye, Bert Elwert Professor of Business Economics, Indiana University (Bloomington, IN)
  • Vicki Bogan, Associate Professor, Cornell University (Ithaca, NY)
  • Terri Friedline, Associate Professor, University of Michigan (Ann Arbor, MI)
  • Tom Miller, Professor of Finance and Jack R. Lee Chair, Mississippi State University (Mississippi State, MS)
  • Michael Staten, Professor and Associate Dean, University of Arizona (Tucson, AZ)
  • Anthony Yezer, Professor of Economics, George Washington University (Washington, DC)

###

The Consumer Financial Protection Bureau is a 21st century agency that helps consumer finance markets work by regularly identifying and addressing outdated, unnecessary, or unduly burdensome regulations, by making rules more effective, by consistently enforcing federal consumer financial law, and by empowering consumers to take more control over their economic lives. For more information, visit consumerfinance.gov.

Source link

Regulator Information

Abbreviation: CFPB
Jurisdiction: United States

Recent Articles

Renee Jones to Join SEC as Director of Corporation Finance; John Coates Named SEC General Counsel

The Securities and Exchange Commission today announced that Renee Jones has been appointed Director of the Division of Corporation Finance.

SEC Awards Approximately $3 Million to Two Whistleblowers

The Securities and Exchange Commission today announced an aggregate award of approximately $3 million to two whistleblowers whose information and assistance led to a successful SEC enforcement action

Havilland Bank (clone of FCA authorised firm)

Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out...

Wittan Invest / Wittan Investment Trust Service (Clone of FCA authorised firm)

Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out...

Circular 04/2018 (VA) – Financial Conglomerate Solvency

You have the option below to allow a unique web analytics cookie to be stored on your browser, enabling the operator of the website to collect and analyse various types of statistical data.

Get the latest from Regulatory.News in your inbox!

×