September 10, 2018

4 NAFCU-member reps appointed to bureau's CUAC

BCFPThe Bureau of Consumer Financial Protection (previously the CFPB) on Friday announced the appointment of seven members – including four that are from NAFCU-member credit unions – to serve on its Credit Union Advisory Council. Last month, the bureau released a new CUAC charter that included membership changes.

The new NAFCU member credit union representatives appointed to the CUAC include:

  • Arlene Babwah, vice president risk management of Coastal Federal Credit Union (Raleigh, N.C.);

  • Sean Cahill, president and CEO of Southwest 66 Credit Union (Odessa, Texas);
  • Christopher Court, vice president of accounting and operations at Service 1st Federal Credit Union (Danville, Pa.); and

  • James Hunsanger, chief risk officer at Michigan State University Federal Credit Union (Lansing, Mich.).

The full list of appointees is available here.

In June, bureau Acting Director Mick Mulvaney announced a reorganization of the bureau's councils and advisory boards – including the CUAC.

The most significant change the bureau made to the CUAC was related to membership. While it will remain filled with employees of credit unions with $10 billion or less in assets, the council will only have six members (though seven were appointed by the bureau) that will carry out one-year terms. Previously, 15 to 20 credit union representatives sat on the council for two-year terms.