The Consumer Financial Protection Bureau yesterday announced the members for its three advisory boards, including the Consumer Advisory Board, which is tasked with identifying and assessing the impact of emerging products, practices, or services on consumers and other market participants. Of the 11 members named to the CAB, only one is from the financial services industry; the other 10 are all from community organizations or consumer advocacy groups.
The new members of the Consumer Advisory Board are:
- Sol Anderson, President & CEO, Evanston Community Foundation
- Watchen Harris Bruce, President & CEO, Baltimore Community Lending, Inc.
- Jorge Cruz, Executive Director-Greater Newark Office, Local Initiatives Support Corporation
- Muneer Karcher-Ramos, Director, Office of Financial Empowerment, City of Saint Paul
- Annika Korling Little, Managing Director, Asset Funders Network
- Sarah B. Mancini, Staff Attorney, National Consumer Law Center
- Markita Morris-Louis, CEO, Compass Working Capital
- Sarah Dieleman Perry, Director of Economic Opportunity, Neighborhood Allies
- Rebecca Regan, Chief Executive Officer, Capital Link
- Tyrone Roderick Williams, Chief Executive Officer, Fresno Housing Authority
- Paul Woodruff, Vice President of Community Development, St. Louis Community Credit Union
Each member will serve a two-year term on the board.
The 11 are replacing the previous Consumer Advisory Board, which had 14 members on it. Among that group, a representative from Capital One and one from Visa represented the financial services industry’s involvement in the group.
The Consumer Advisory Board has not had a member from the ARM industry on it since Ohad Samet from TrueAccord was briefly on the committee back in 2018. Samet was on the board when former Acting Director Mick Mulvaney fired all 25 members of the CAB and disbanded it in June 2018. The CAB was brought back later in the year, and has been filled with individuals mostly from consumer advocacy groups ever since.