WASHINGTON - The Federal Reserve Board late Tuesday announced that it is seeking nominations to fill the positions of nine members of its Consumer Advisory Council, whose three-year terms expire at the end of the year.
The council, which consults with the Fed on the central bank's role in enforcing the Consumer Credit Protection Act, the Community Reinvestment Act, and other issues, is made up primarily of bankers, but also includes consumer advocates and regulators.
Letters of nomination must be received by the Fed by Aug. 3.
The Fed also announced Tuesday that the next council meeting is set for June 28. The agenda includes discussion of the E-Sign Act, which allows contracts signed electronically to carry the same legal weight as paper contracts. Also up for discussion are the Truth-in-Lending and Home Ownership and Equity Protection acts, CRA, and the Home Mortgage Disclosure Act.
