WASHINGTON (MNI) – The Federal Reserve Board of Governors Monday
announced it has designated a new Chair, Vice Chair, and ten new members
to the temporary, Consumer Advisory Council.
The Consumer Advisory Council advises the Federal Reserve Board on
its responsibilities related to the Consumer Credit Protection Act and
other matters related to consumer financial services.
The Board designated Jim Park, CEO of New Vista Asset Management as
Chair of the Council and Mary Tingerthal President of Capital Markets
Companies for the Housing Partnership Network as Vice Chair.
The Council will continue to advise the Board until the Board’s
responsibilities are transferred to the new Consumer Financial
Protection Bureau — at which time the Council will be dissolved.
The Federal Reserve Board is expected to transfer its consumer
financial protection duties to the Consumer Financial Protection Bureau
on July 21, 2011.
The ten new members to the Council named Monday are:
Nancy Andrews, President and CEO of the Low Income Investment Fund
Barrett Burns, President and CEO of VantageScore Solutions LLC
Susan Ehrlich, President of Sears Financial Services
Susan Ehrlich, President of Sears Financial Services
James Gutierrez, CEO of Progreso Financiero
Clinton Gwin, President of Pathway Lending
Mike Long, Executive Vice President and Chief Credit Officer of the
UW Credit Union
Rashmi Rangan, Executive Director of the Delaware Community
Reinvestment Action Council
Kevin Stein, Associate Director of the California Reinvestment
Coalition
Jonathan Zinman, Associate Professor of Economics at Dartmouth
College
** Market News International Washington Bureau: 202-371-2121 **
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