WASHINGTON, D.C. – CFPB Acting Director Dave Uejio today announced the appointment of new members to the Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and Academic Research Council (ARC). These committee members will advise Bureau leadership on a broad range of consumer financial issues and emerging market trends.
The Dodd-Frank Wall Street Reform and Consumer Protection Act charges the CFPB with establishing a CAB to advise and consult with the Bureau’s Director on a variety of consumer financial issues. The Bureau also created three councils: the CBAC, CUAC, and ARC. The CBAC and CUAC advise and consult with the Bureau on consumer financial issues related to community banks and credit unions. The ARC advises the Bureau on its strategic research planning process and research agenda and provides feedback on research methodologies, data collection strategies, and methods of analysis, including methodologies and strategies for quantifying the costs and benefits of regulatory actions.
The committee members include experts in consumer protection, financial services, consumer lending, economic justice, and consumer financial products and services as well as representatives of community banks and credit unions. Advisory committee membership reflects the expertise across the range of issues under the Bureau’s jurisdiction. Committee members serve two-year terms.
Consumer Advisory Board (CAB)
- Leigh Phillips (Chair), President and CEO, SaverLife (San Francisco, CA)
- Joaquin Altoro, Chief Executive Officer, Wisconsin Housing & Economic Development Authority (Madison, WI)
- Lorray Brown, Attorney/Consumer Law Attorney/Co-Director, Michigan Poverty Law Program (Ypsilanti, MI)
- Louis Caditz-Peck, Director, Public Policy, LendingClub (San Francisco, CA)
- Stephanie Carroll, Directing Attorney, Consumer Rights & Economic Justice, Public Counsel (Los Angeles, CA)
- David Ehrich, Executive Director, AIR – Alliance for Innovative Regulation (Washington, DC)
- Laurie Goodman, Director, Housing Finance Policy Center, Urban Institute (Washington, DC)
- Margaret Libby, Founder and CEO, MyPath (San Francisco, CA)
- Andres Navarrete, Executive Vice President, External Affairs, Capital One (McLean, VA)
- Beverly Ruggia, Financial Justice Program Director, New Jersey Citizen Action (Newark, NJ)
- Faith Schwartz, President, Housing Finance Strategies, LLC (Austin, TX)
- Ky Tran-Trong, Vice President and Associate General Counsel, Visa (Washington, DC)
- Pete Upton, Executive Director, Native360 Loan Fund, Inc. (Grand Island, NE)
- Mae Watson Grote, Founder and CEO, Change Machine (Brooklyn, NY)