CFPB names latest Credit Union Advisory Council

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The Consumer Financial Protection Bureau this week released the names of the eight credit union leaders who will sit on the agency’s Credit Union Advisory Council.

The CUAC — along with councils for community banks, academic research and a consumer advisory board — advises the bureau on consumer finance topics related to credit unions.

The newest members of the Credit Union Advisory Council are:

  • Sean Cahill, president and CEO of TrueSky Credit Union in Oklahoma City and will serve as CUAC chair
  • Arlene Babwah, vice president of risk management at Coastal Federal Credit Union in Raleigh, N.C.
  • Teresa Campbell, president and CEO of San Diego County Credit Union
  • Rick Durante, vice president and director of corporate social responsibility and government affairs at Franklin Mint FCU in Chadds Ford, Pa.
  • Doe Gregersen, vice president and general counsel at Landmark CU in New Berlin, Wis.
  • Brian Holst, general counsel at Elevations CU in Boulder, Colo.
  • Racardo McLaughlin, vice president of mortgage originations and operations at TwinStar CU in Lacey, Wash.
  • Rick Schmidt, president and CEO of Westar CU in Las Vegas

CFPB Director Kathy Kraninger earlier this year announced a variety of changes to the advisory committees’ charters, including broadening the focus of meetings to include policy matters, holding in-person meetings more often and increasing term lengths from one year to two.

“The bureau is able to protect consumers in the financial marketplace better when it receives input from a wide range of experts and stakeholders,” Kraninger said in a statement. “With the enhancements we made earlier this year to the structure of the advisory committee program, I am confident that these groups will be able to hit the ground running in their efforts to provide meaningful feedback on bureau policy and regulations. I look forward to working with them.”

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