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Fed seeks new CAC nominees
WASHINGTON (6/23/09)--The Federal Reserve Board on Monday announced that it is seeking nominations to fill its Consumer Advisory Council (CAC), which will represent the “interests of consumers, communities, and the financial services industry.” The Fed’s Consumer Advocacy Council, which advises the Federal Reserve Board on the exercise of its responsibilities under myriad consumer financial protections, is composed of 30 members, with each member serving three-year terms. Terms for 10 of the CAC’s 30 members will expire on December 31 of this year. According to the release, potential nominees must have “familiarity with consumer financial services, community development and reinvestment, and consumer protection regulations.” Nominations must be submitted by August 28. To read the Fed request for nominations, use the resource link.
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