The Consumer Financial Protection Bureau has, as required by Dodd-Frank, appointed members to a board that will consult twice a year with director Richard Cordray.
Of the 25 members "no one group dominates the board, which includes bank and credit union executives, consumer advocates and community development officials," writes American Banker’s Kate Berry.
"Like everything they've done so far, it shows a tremendous amount of openness to diverse opinions," says newly appointed board memeber Prentiss Cox, a former assistant attorney general of Minnesota.
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