APPOINTMENTS OF NEW MEMBERS TO THE CONSUMER ADVISORY COUNCIL AND DESIGNATION OF A NEW CHAIR AND VICE CHAIR FOR 2000.The Federal Reserve Board on January 5, 2000, named seven new members to its Consumer Advisory Council Consumer Advisory Council (CAC) A statutory body established by Congress in 1976. The Council, with 30 members who represent a broad range of consumer and creditor interests, advises the Federal Reserve Board on the exercise of its responsibilities under the Consumer Credit Protection Act and on other matters on which the Board seeks its advice. for three-year terms and designated a new chair and vice chair of the council for 2000. The council advises the Board on the exercise of its responsibilities under the Consumer Credit Protection Act and on other matters in the area of consumer financial services. The council meets three limes a year in Washington, D.C. Dwight Golann was designated chair; his term runs through December 2000. Mr. Golann is Professor of Law for the Suffolk University Law School in Boston, Massachusetts. Previous positions include Chief of the Consumer Protection Division, Deputy Chief of the Public Protection Bureau, and Assistant Attorney General for the Commonwealth of Massachusetts. Lauren Anderson was designated vice chair; her term on the council ends in December 2001. Ms. Anderson is Executive Director of the Neighborhood Housing Services of New Orleans. Previously, she was a project manager for the Department of Housing and Economic Development for Jersey City, New Jersey, and a staff attorney for the American Civil Liberties Union. The seven new members are the following: Dorothy Broadman San Francisco, California Ms. Broadman is Senior Vice President and Manager of the Community Development Department at Cal Fed Bank, FSB. She is Chairperson of the bank's senior management committee responsible for overseeing 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. (CRA) activities. Ms. Broadman is the senior officer responsible for CRA at the corporate level. Previously, Ms. Broadman held positions at Citibank and at Wells Fargo Bank. She serves on several boards and advisory councils, including the Executive Committee of the National Association of Affordable Housing Lenders, the CRA Committee of the Consumer Bankers Association, and as chairperson of a Local Initiatives Support Corporation advisory council. Teresa Bryce Charlotte, North Carolina Ms. Bryce is General Counsel of Bank of America Mortgage and General Counsel of Bank of America Corporation. She supports both the mortgage banking division and the Community Development Banking Group. Ms. Bryce oversees compliance with the Community Reinvestment Act, fair lending issues, and consumer protection laws consumer protection laws n. almost all states and the federal government have enacted laws and set up agencies to protect the consumer (the retail purchasers of goods and services) from inferior, adulterated, hazardous and deceptively advertised products, and deceptive or fraudulent sales practices.. Previously, Ms. Bryce was with Prudential Home Mortgage, where she promoted affordable housing initiatives. She serves on several boards and committees, including the executive committee of the Research Institute for Housing America and the Mortgage Bankers Association of America's Residential Board of Governors. Robert M. Cheadle Ada, Oklahoma Mr. Cheadle is an attorney and serves as Business Developer for Chickasaw Chickasaw (chĭk`əsô), Native North Americans whose language belongs to the Muskogean branch of the Hokan-Siouan linguistic stock (see Native American languages). They occupied N Mississippi and were closely related in language and culture to the Choctaw. Enterprises, the economic development division of the Chickasaw Nation. He has developed a tribally owned mortgage services firm to lead the effort for community development in the Chickasaw Nation. Previously, he served in other positions for the Chickasaw Nation and also was Senior Counsel at Fannie Mae. In 1999, the Chickasaw Nation received a Social Compact Award and a Housing and Urban Development Best Practices Award for his work in developing a new Chickasaw mortgage loan program. Lester W. Firstenberger Middletown, Connecticut Since 1998, Mr. Firstenberger has been the Senior Vice President and General Counsel of Mortgage Lenders Network USA, Inc., one of the largest subprime lenders in the United States. He handles legal and regulatory matters, corporate firm mergers and acquisitions, and new product development. Previously, he had his own law firm, which focused on consumer lending and related activities for large banks. Mr. Firstenberger also acted as chief counsel for a large bank in developing an electronic check standard for the U.S. Department of Defense. M. Dean Keyes St. Louis, Missouri Ms. Keyes is a Senior Vice President and Director of Corporate/Community Reinvestment Act Initiatives for Mercantile Bancorporation, Inc., where she supports CRA activities in six states. Previously, she was Vice President for Community Investment at Citicorp Mortgage, Inc., where she developed CRA programs to ensure compliance with federal law. Ms. Keyes is a participant on the boards of organizations that serve to promote affordable housing, safe streets, racial equality, jobs, and economic development. She also was instrumental in the initial start-up of the Home Ownership Purchase Services Committee of the Neighborhood Housing Services of St. Louis; the committee focuses on consumer education. Jeremy Nowak Philadelphia, Pennsylvania Mr. Nowak is the Chief Executive Officer of The Reinvestment Fund, a community development financial institution. The organization's mission is to alleviate poverty and revitalize low- and moderate-income neighborhoods by providing capital and technical assistance to community organizations, developers, and businesses. In 1994, Mr. Nowak received The Philadelphia Award, the city's highest civic honor, for his work in advancing the best interests of the community. He is on several boards, including the Public/Private Ventures, the Economic Development Coalition of The Greater Philadelphia First Corporation, and PhAME, Inc. Russell W. Schrader Foster City, California Mr. Schrader is Senior Vice President and Assistant General Counsel of Visa, U.S.A. Inc. He is responsible for regulatory and legislative issues related to the application of consumer banking laws and regulations to credit, debit, and ATM cards and to the e-commerce environment. Before 1996, Mr. Schrader spent twelve years as Vice President and Senior Associate Counsel for The Chase Manhattan Bank, where he was involved with consumer and mortgage lending, legal services to retail banks, and insurance issues. Council members whose terms continue through 2000 are the following: Walter J. Boyer, Garland, Texas Jeremy Eisler, Director of Litigation, South Mississippi Legal Services Corp., Biloxi, Mississippi Robert F. Elliott, Lake Forest, Illinois Karla Irvine, Executive Director, Housing Opportunities Made Equal of Greater Cincinnati, Inc., Cincinnati, Ohio Gwenn Kyzer, Vice President, Target Marketing Service, Experian, Inc., Allen, Texas John C. Lamb, Senior Staff Counsel, Department of Consumer Affairs, Sacramento, California Martha W. Miller, President, Choice Federal Credit Union, Greensboro, North Carolina Daniel W. Morton, Vice President and Senior Counsel, The Huntington National Bank, Columbus, Ohio David L. Ramp, State of Minnesota, Assistant Attorney General, St. Paul, Minnesota Robert G. Schwemm, Professor of Law, University of Kentucky, Lexington, Kentucky David J. Shirk, Senior Manager, Lending Systems Framework, Inc., Tarrytown, New York Council members whose terms continue through 2001 are the following: Malcolm M. Bush, President, The Woodstock Institute, Chicago, Illinois Mary Ellen Domeier, President, State Bank & Trust Company of New Ulm New Ulm (ŭlm), city (1990 pop. 13,132), seat of Brown co., S Minn., at the confluence of the Minnesota and Cottonwood rivers; inc. as a city 1876. It is a processing and trade center for an agricultural area with grain, soybeans, peas, sugar beets, livestock, and dairy cattle., New Ulm, Minnesota John C. Gamboa, Executive Director, The Greenlining Institute, San Francisco, California Rose Garcia, Executive Director, Tierra del Sol Housing Corporation, Las Cruces, New Mexico Vincent Giblin, Chief Executive Officer, International Union of Operating Engineers, West Caldwell, New Jersey Willie Jones, Deputy Director, The Community Builders, Inc., Boston, Massachusetts Anne S. Li, Executive Director, New Jersey Community Loan Fund, Trenton, New Jersey Marta Ramos, Vice President and CRA Officer, Banco Popular de Puerto Rico, San Juan, Puerto Rico Gary S. Washington, Senior Vice President, ABN AMRO, Chicago, Illinois Robert L. Wynn II, Financial Education Officer, Department of Financial Institutions, Madison, Wisconsin |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion