BCFP announces new members to advisory committees, including CU Council

Sept. 7, 2018 -- ┬áToday, the Bureau of Consumer Financial Protection (BCFP) announced the appointment of new members to the Credit Union Advisory Council, Consumer Advisory Board and Community Bank Advisory Committee for one-year terms. According to the Bureau’s release, the members “provide advice to Bureau leadership on a broad range of consumer financial issues and emerging market trends.” 

Four of the seven members of the Credit Union Advisory Council are representatives of state-chartered credit unions, according to the list published by BCFP. Teresa Campbell, president and CEO of San Diego County Credit Union in California, is a NASCUS member.

"Today, I am appointing experts to the Bureau's advisory committees who will bring a fresh perspective to our important work," said Bureau Acting Director Mick Mulvaney. "These experts are highly talented individuals in consumer finance markets, and we look forward to working closely with them throughout their service."

Under the Dodd-Frank Act, BCFP is required to establish a Consumer Advisory Board to advise and consult with the Bureau's Director on a variety of consumer financial issues. The Bureau also created a Community Bank Advisory Council and a Credit Union Advisory Council. The Credit Union Advisory Council and Community Bank Advisory Council advise and consult with the Bureau on consumer financial issues related to credit unions and community banks. 

In March, the Bureau issued a notice in the Federal Register outlining the responsibilities of the advisory committees, as well as the duties of its members, and solicited applications for appointment.

In June, BCFP announced that the advisory panels would be reconstituted to “new, smaller memberships.” In a blog post, the agency stated the changes were part of a response to comments received on a request for information (RFI) earlier in the year on bureau external engagements. The bureau also said in that blog post that it would use the 2018 application and selection process “to reconstitute the current advisory groups with new, smaller memberships” by both “right-sizing” the councils and ramping up outreach to external groups. Doing so, the bureau said, would “enhance its ability to hear from consumer, civil rights, and industry groups on a more regular basis.”

Credit Union Advisory Council Members:

  *   Arlene Babwah, Vice President Risk Management, Coastal Federal Credit Union
  *   Sean Cahill, President & CEO, Southwest 66 Credit Union
  *   Teresa Campbell, President & CEO, San Diego County Credit Union
  *   Christopher Court, Vice President, Accounting & Operations, Service 1st Federal Credit Union
  *   James Hunsanger, Chief Risk Officer, Michigan State University Federal Credit Union
  *   Bryan Price, President & CEO, Indiana University Credit Union
  *   Eric Schmidt, President & CEO, WestStar Credit Union

Consumer Advisory Board Members:

  *   Liz Coyle, Executive Director, Georgia Watch
  *   Sameh Elamawy, Chief Executive Officer, Scratch Services, Inc.
  *   Manning Field, Chief Operating Officer, Acorns
  *   Jason B. Gross,   Chief Executive Officer, Petal
  *   Clinton B. Gwin, President and CEO, Pathway Lending
  *   Ronald A. Johnson, President, Clark Atlanta University
  *   Brent Neiser, Senior Director of Strategic Programs and Alliances, National Endowment for Financial Education
  *   Sophie Raseman, Director of Product, Brightside
  *   Luz Urrutia, Chief Executive Officer, Opportunity Fund

Community Bank Advisory Council Members:

  *   John Erik Beguin, Founder, CEO, and President, Austin Capital Bank
  *   Bryan Bruns, President & CEO, Lake Central Bank
  *   Maureen Busch, Vice President, Compliance and CRA Officer, The Bank of Tampa
  *   Michael H. Head, President/CEO/Director, First Federal Savings Bank
  *   Aubery L. Hulings, Vice President, Operations Manager, The Farmers National Bank of Emlenton
  *   Heidi Sexton, EVP/Chief Operating Officer, Sound Community Bank
  *   Jeanni Stahl, SVP/Chief Risk and Compliance Officer, MetaBank

LINK:
BCFP announces new advisory committee members