ACCION Texas President Appointed to Serve on The Federal Reserve Board's Consumer Advisory Council.Business Editors SAN ANTONIO--(BUSINESS WIRE)--March 13, 2002 Janie Barrera, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ACCION ACCION Americans for Community Co-operation in Other Nations Texas, will participate in the Federal Reserve Board's Consumer Advisory Council Meetings to be held this week in Washington, D.C. Barrera was appointed as one of 14 members of the Council in January, 2002. She will serve on the Community Affairs and Housing Committee and the Compliance and Community Reinvestment Committee. The topics that will be discussed at the two-day meeting include the Community Reinvestment Act Community Reinvestment Act (CRA) Enacted by Congress in 1977, the CRA encourages banks to help meet the credit needs of their communities for housing and other purposes, particularly in neighborhoods with low or moderate incomes, while maintaining safe and sound operations. , the Home Mortgage Disclosure Act and the Equal Credit Opportunity Act. "I was honored when asked to become a member of the Consumer Advisory Council," said Barrera. "This experience will bring value to my role as President of ACCION Texas and allow us to further expand our reach throughout the state." Barrera, a native of Corpus Christi Corpus Christi, in Christianity Corpus Christi [Lat.,=body of Christ], feast of the Western Church, observed on the Thursday after Trinity Sunday (or on the following Sunday). , brings 20 years of experience in community building and economic development to the Consumer Advisory Council. She joined ACCION Texas in 1994 to help create a microlending mi·cro·lend·ing n. See microcredit. organization that would be responsive to the needs of economically disenfranchised small businesses. The Federal Reserve Board's Consumer Advisory Council was established in 1976 to advise the Federal Reserve Board on its responsibilities under the Consumer Credit Protection Act The Consumer Credit Protection Act (15 U.S.C.A. § 1601 et seq. [1972]) is federal statute designed to protect borrowers of money by mandating complete disclosure of the terms and conditions of finance charges in transactions; by limiting the Garnishment of wages; and by regulating and on other matters regarding the areas of consumer finance services. Council members represent the interests of consumers, communities, and the financial services industry. The council meets three times a year in Washington, D.C., and the meetings are open to the public. To learn more about ACCION Texas, please visit the Web site at www.acciontexas.org. |
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