CFPB restores advisory boards with new appointments

By Francis Monofort – Mortgage Professional America

The Consumer Financial Protection Bureau has reassembled three advisory boards after Acting Director Mick Mulvaney dismantled them in June.

Mulvaney has appointed a new set of experts from outside the federal government to the Consumer Advisory Board, Community Bank Advisory Council, and Credit Union Advisory Council. New members will serve a one-year term.

Former members said in June that the CFPB cited costs savings as the reason behind the disbandment of the boards. The changed aligned with other changes to the bureau as part of a broader overhaul initiated by Mulvaney.

“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.”

The new Consumer Advisory Board members are Liz Coyle, executive director of Georgia Watch; Sameh Elamawy, CEO of Scratch Services; Manning Field, COO of Acorns; Jason Gross, CEO of Petal; Clinton Gwin, president and CEO of Pathway Lending; Ronald Johnson, president of Clark Atlanta University;

Brent Neiser, senior director of strategic programs and alliances at the National Endowment for Financial Education; Sophie Raseman, director of product of Brightside; and Luz Urrutia, CEO of Opportunity Fund.

The Community Bank Advisory Council members are John Beguin, founder, CEO, and President of Austin Capital Bank; Bryan Bruns, president and CEO of Lake Central Bank; Maureen Busch, vice president of compliance and CRA officer at The Bank of Tampa; Michael Head, president, CEO, and director at First Federal Savings Bank; Aubery Hulings, vice president and operations manager at The Farmers National Bank of Emlenton; Heidi Sexton, executive vice president and COO at Sound Community Bank; and Jeanni Stahl, senior vice president and chief risk and compliance officer at MetaBank.

The restored Credit Union Advisory Council will have Arlene Babwah, vice president risk management at Coastal Federal Credit Union; Sean Cahill, president and CEO of Southwest 66 Credit Union; Teresa Campbell, president and CEO of San Diego County Credit Union; Christopher Court, vice president of accounting and operations at Service 1st Federal Credit Union; James Hunsanger, chief risk officer of Michigan State University Federal Credit Union; Bryan Price, president and CEO of Indiana University Credit Union; and Eric Schmidt, president and CEO of WestStar Credit Union as members.

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Source: Mortgage Professional America