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Washington
Fed seeks to add vocal reps on CAC
WASHINGTON (6/24/08)--The Federal Reserve Board is seeking nominations to fill 10 upcoming vacancies on it Consumer Advisory Council (CAC), a panel that advises the Fed Board on the exercise of its responsibilities under various consumer financial services laws. The CAC is a 30-member council with a rotating membership. Each year, ten terms expire at yearend, and terms are for three years. Alan Cameron, president/CEO of the Idaho CU League, is currently the only CAC member from a credit union organization. Cameron’s term extends to 2010. In a Federal Register document soliciting nominations, the Fed said it wants nominations for candidates familiar with consumer financial services, community reinvestment, and consumer protection regulations, and nominees must be willing to “express their views.” Nominations must be submitted by Aug. 29. To read the Fed request for nominations, use the resource link below
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