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News Now

Washington
CUNA nominates pair for Fed consumer council
WASHINGTON (9/10/10)--The Credit Union National Association (CUNA) has nominated UW CU Chief Credit Officer Mike Long to serve on the Federal Reserve’s Consumer Advisory Council (CAC). Long is also testifying at a Fed Home Mortgage Disclosure Act hearing on Sept. 16. (See related story: Fed releases HMDA hearing agenda) CUNA has also re-nominated Alan Cameron, president/CEO of the Idaho Credit Union League, to continue serving on the council. Cameron’s current term runs through 2010. The CAC, which is composed of 30 members that serve three-year terms, advises the Fed on its responsibilities under the Consumer Credit Protection Act and on other matters in the area of consumer financial services. The group meets three times a year in Washington, D.C. and meetings are open to the public. The group discussed loss-mitigation efforts, the Administration's Making Home Affordable program, neighborhood stabilization initiatives and challenges, and other issues related to foreclosures during its last meeting, which took place on June 17.


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