Three state representatives join CFPB’s CU Council; next meeting Sept. 1

Aug. 22, 2016 -- Three state credit unions representatives have been named to the Credit Union Advisory Council of the Consumer Financial Protection Bureau, along with five representatives of federal credit unions.

And the appointment came just in time: the next meeting of the CUAC is set for Sept. 1 in Washington.

Representatives from state credit unions to serve on the council are:

  • Patrick F. Harrigan, Chief Risk Officer and General Counsel, Service Credit Union, Portsmouth, N.H.
  • Amy Nelson, Chief Executive Officer, Point West Credit Union, Portland, Ore.
  • Raynor Zillgitt, Vice President Risk Management and General Counsel, Lake Trust Credit Union, Brighton, Mich.

Others named to the CUAC are: Daniel Berry, Chief Executive Officer, Duke University Federal Credit Union, Durham, N.C.; Faith Lleva Anderson, Senior Vice President and General Counsel, American  Airlines Federal Credit Union, Fort Worth, Texas; Ricardo Ledezma, Corporate Compliance Assurance Manager, San Antonio Federal Credit Union, San Antonio, Texas; Sarah Marshall, Chief Executive Officer, North Side Community Federal Credit Union, Chicago; and Dayatra T. Matthews, Senior Vice President of Legal & Compliance, Local Government Federal Credit Union, Raleigh, N.C.

The new members Credit Union Advisory Council will serve two-year terms. According to the bureau, the council advises the agency on regulating consumer financial products or services, offering the unique perspectives of credit unions, sharing information, analysis, and recommendations to better inform CFPB policy development, rulemaking, and engagement work. Only credit union employees (CEOs, compliance officers, government relations officials, etc.) are considered for membership, which is limited to employees of credit unions with total assets of $10 billion or less that are not affiliates of depository institutions or credit unions with total assets of more than $10 billion. Committee members serve at the pleasure of the CFPB Director.

With regard to the Sept. 1 meeting of the council, youth financial capability and debt collection are topics on the agenda for the gathering, which will be held at bureau headquarters in Washington. Director Richard Cordray is scheduled to open the meeting and welcome the group. According to the bureau, individuals who wish to attend the Council meeting must RSVP to: by noon, Wednesday, Aug. 31, (no later), and must include “CUAC” in the subject line of the RSVP.

CFPB release on appointment of CUAC members