Newsroom

January 17, 2017

CFPB accepting applications for advisory board, councils

The application process is openfor the CFPB's Credit Union Advisory Council, Consumer Advisory Board and Community Bank Advisory Council. Nominations are due March 1, and CFPB will announce newly selected members in August.

The CUAC has 15 members, each from credit unions having $10 billion or less in assets. Newly appointed members will serve two-year terms. The CUAC was formed under the Dodd-Frank Act to provide direct feedback to CFPB on its policy development, research, rulemaking and engagement functions.

Several NAFCU members currently serve on CFPB's CUAC, including:

  • Chairperson Robin Romano, CEO of MariSol Federal Credit Union (Phoenix, Ariz.);
  • Vice Chairperson David Seely, president and CEO of Kirtland Federal Credit Union (Albuquerque, N.M.);
  • Gail DeBoer, president and CEO of SAC Federal Credit Union (Papillion, Neb.);
  • Katey Proefke, assistant vice president of compliance for Chevron Federal Credit Union (Oakland, Calif.);
  • Faith Anderson, senior vice president and general counsel of American Airlines Federal Credit Union (Fort Worth, Texas);
  • Daniel Berry, CEO of Duke University Federal Credit Union (Durham, N.C.);
  • Patrick Harrigan, chief risk officer of Service Credit Union (Portsmouth, N.H.);
  • Ricardo Ledezma, corporate compliance assurance manager for SACU (San Antonio Federal Credit Union, San Antonio, Texas);
  • Dayatra Matthews, senior vice president of legal and compliance for Local Government Federal Credit Union (Raleigh, N.C.); and
  • Raynor Zillgitt, general counsel for Lake Trust Credit Union (Brighton, Mich.).

CAB was created by the Dodd-Frank Act to advise and consult with the bureau on its functions and on emerging trends and practices in the consumer financial markets. To fill it, the bureau seeks out experts in the policy areas it focuses on – consumer protection, financial services, community development, fair lending – and representatives from depository institutions that primarily serve underserved communities. It must also seek representation of covered persons and consumers "without regard to party affiliation."

Any NAFCU members interested in a seat on the councils or board should contact NAFCU Regulatory Affairs Counsel Andrew Morris at amorris@nafcu.org.