Appointments of new members and designation of the chair and vice chair of the Consumer Advisory Council.The Federal Reserve Board named on January 7, 2005, eleven new members to its Consumer Advisory Council for three-year terms and designated a new chair and vice chair of the council for 2005. The council advises the Board on the exercise of 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 in the area of consumer financial services. The council meets three times a year in Washington, D.C. Mark Pinsky was designated chair; his term runs through December 2005. Mr. Pinsky is president and chief executive officer for the National Community Capital Association. Lori Swanson was designated vice chair; her term on the council ends in December 2006. Lori Swanson is solicitor general for the Office of the Minnesota Attorney General. The eleven new members are the following: Stella Adams Durham, North Carolina Durham is a city in the U.S. state of North Carolina. It is the county seat of Durham CountyGR6 and is the fourth-largest city in the state by population. Ms. Adams is the executive director of the North Carolina Fair Housing Center, a nonprofit organization dedicated to equal housing opportunity and equal access. Her focus has been on elimination of predatory lending, support for community reinvestment, and education of communities about fair housing and fair lending issues. Ms. Adams's activism gave impetus to the passage of the North Carolina anti-predatory lending bill. Faith Anderson Fort Worth, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. Ms. Anderson is vice president of legal compliance and general counsel for American Airlines Federal Credit Union. The credit union's offerings include savings and checking accounts, consumer and real estate loans, overdraft protection, and ATM, debit, and credit cards. Ms. Anderson is responsible for compliance and implementation of federal and state laws and regulations. Carolyn Carter Boston, Massachusetts Ms. Carter is a consultant for the National Consumer Law Center. She has experience with the Truth in Lending Act The Truth in Lending Act is contained in Title I of the Consumer Credit Protection Act (15 U.S.C.A. § 1601 et seq.). The CCPA is designed to assure that every customer who needs Consumer Credit is given meaningful information concerning the cost of such credit. , particularly with respect to coverage issues, rescission, and remedies and defenses. Ms. Carter represents low-income consumers involving foreclosures, repossession The taking back of an item that has been sold on credit and delivered to the purchaser because the payments have not been made on it. For example, if an individual fails to render prompt payments on a new car, the car might be subject to repossession by the finance company, , credit and usury, bankruptcy, debt collection, and the application of 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 to landlord-tenant matters. Michael Cook Bentonville, Arkansas Mr. Cook is vice president and assistant treasurer for Wal-Mart Stores, Inc., and has responsibility for domestic payment services and financial operations. His work supports global strategies for electronic payments and financial services. Mr. Cook has been instrumental in the formation of Wal-Mart's Financial Services Division. Donald S. Currie Brownsville, Texas Mr. Currie is the executive director of the Community Development Corporation of Brownsville, a nonprofit affordable housing provider. The organization's programs include single-family new construction, housing rehabilitation and reconstruction, affordable housing subdivisions, and the Colonia Self Help Center. Mr. Currie helped organize the Rio Grande Valley Multibank Corporation, a stockholder-held Community Development Financial Institution. Kurt Eggert Orange, California Professor Eggert is an associate professor of law, director of Clinical Legal Education, and the director of the Alona Cortese Elder Law Center at Chapman University School of Law Chapman University School of Law, referred to sometimes as Chapman Law, is a private, non-profit law school located in Orange, California. The school offers the Juris Doctor (JD), a combined JD/MBA and an LL.M. in Taxation. . His specialties are consumer law and elder law, and he has particular expertise in predatory lending, abusive servicing, home equity fraud prevention, elder abuse, and consumer fraud. Deborah Hickok Ooltewah, Tennessee Ms. Hickok is the president and chief executive officer of ACH Commerce, LLC. She is founder of the organization, which specializes in providing ACH processing services, software solutions, and consulting to financial institutions. She trains state banking examiners and consults on issues affecting ACH processing. Lisa Sodeika Prospect Heights, Illinois Prospect Heights is a city in Cook County, Illinois, United States. The population was 17,081 at the 2000 census. Geography Prospect Heights is located at (42.105576, -87.928168)GR1. Ms. Sodeika is senior vice president of Corporate Affairs for HSBC North America Holdings, Inc. Her responsibilities include directing community development, the Center for Consumer Advocacy, public relations, philanthropic services, and employee communications. She has experience in subprime lending and servicing, quality assurance and compliance, and community relations. Anselmo Villarreal Waukesha, Wisconsin Mr. Villarreal is the executive director of La Casa de Esperanza, Inc. He advocates for fair lending, works against predatory lending, encourages the use of banking services among immigrants, and promotes privacy and security. Mr. Villarreal is the Wisconsin representative of the Institute of Mexicans Abroad, which addresses issues related to community reinvestment, consumer protection regulations, consumer credit, privacy, and electronic banking. Kelly K. Walsh Honolulu, Hawaii Ms. Walsh is corporate compliance and 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. officer for the Bank of Hawaii Bank of Hawaii, a subsidiary of Bank of Hawaii Corporation (NYSE: BOH), is a regional commercial bank headquartered in Honolulu, Hawaii. It is Hawaii's second oldest bank and its largest locally owned bank in that majority of the voting stockholders reside within the state. . Her responsibilities include oversight of the bank's compliance with all consumer laws and regulations. Ms. Walsh coordinates community development programs for the bank's service area, including the state of Hawaii, Guam, American Samoa, and Saipan. Ms. Walsh speaks before banking groups, such as the Consumer Bankers Association, and has authored several articles for the ABA's Bank Compliance Magazine. Marva Williams Chicago, Illinois Ms. Williams is senior vice president of the Woodstock Institute, a community lending research and consulting organization engaged in applied research, policy development, and technical assistance to promote community economic development. She advocates for the needs of lower-income individuals and communities and for financial products and services to meet their needs. Council members whose terms continue through 2005 are the following: Susan Bredehoft, senior vice president, compliance risk management, Commerce Bank, N.A., Cherry Hill, New Jersey Dan Dixon, group senior vice president, World Savings Bank, FSB, Washington, District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). James Garner, senior vice president and general counsel, North American Consumer Finance, Citigroup, Baltimore, Maryland R. Charles Gatson, vice president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , Swope Community Builders, Kansas City, Missouri Kansas City is the largest city in the state of Missouri. It encompasses parts of Jackson, Clay, Cass, and Platte counties and is the anchor city of the Kansas City Metropolitan Area, the second largest in Missouri, which includes counties in both Missouri and Kansas. W. James King, president and chief executive officer, Community Redevelopment Group, Cincinnati, Ohio Elsie Meeks, executive director, First Nations Oweesta Corporation, Kyle, South Dakota Kyle (Lakhota Phejuta Haka) is a census-designated place (CDP) in Shannon County, South Dakota, United States. The population was 970 at the 2000 census. Geography Kyle is located at (43.426652, -102. Benjamin Robinson III, president and chief executive officer, Innovative Risk Solutions, LLC, Charlotte, North Carolina “Charlotte” redirects here. For other uses, see Charlotte (disambiguation). Charlotte is the largest city in the state of North Carolina and the 20th largest city in the United States. Diane Thompson, supervising attorney, Land of Lincoln Legal Assistance Foundation, Inc., East St. Louis, Illinois East St. Louis is a city located in St. Clair County, Illinois, USA, directly across the Mississippi River from St. Louis, Missouri. As of the 2000 census, the city had a total population of 31,542. Clint Walker, general counsel and chief administrative officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive , Juniper Bank, Wilmington, Delaware Council members whose terms continue through 2006 are the following: Dennis L. Algiere, senior vice president, Compliance and Community Affairs, The Washington Trust Company, Westerly, Rhode Island For geographic and demographic information on particular parts of the town of Westerly, see the article on Westerly (CDP). Westerly, founded in 1669 by John Babcock, is a beachfront community on the south shore of Washington County, Rhode Island. Sheila Canavan, consumer attorney, Law Office of Sheila Canavan, Moab, Utah Anne Diedrick, senior vice president, JPMorgan Chase Bank, New York, New York Hattie B. Dorsey, president and chief executive officer, Atlanta Neighborhood Development Partnership, Atlanta, Georgia Bruce B. Morgan, chairman, president, and chief executive officer, Valley State Bank, Roeland Park, Kansas Roeland Park is a city in Johnson County, Kansas, United States. The population was 6,817 at the 2000 census. Geography Roeland Park is located at (39.034705, -94.639211)GR1. Mary Jane Seebach, executive vice president and chief compliance officer, Countrywide Financial Corporation, Calabasas, California Paul J. Springman, group executive, Predictive Sciences, Equifax, Atlanta, Georgia Forrest F. Stanley, senior vice president and deputy general counsel, KeyBank National Association, Cleveland, Ohio |
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