Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Rosenthal named to N.Y. Fed advisory council
NEW YORK (9/23/09)--The Federal Reserve Bank of New York has named 11 individuals to serve on its Community Affairs Advisory Council. Among them is Clifford Rosenthal, president/CEO of the National Federation of Community Development Credit Unions. Rosenthal is the council's only representative currently working directly with credit unions. The council is an information-sharing group to elicit "ground-level intelligence on conditions and challenges for low- and moderate-income communities," said the New York Fed in a press release. The Fed will use the feedback and information from the council for the Fed's knowledge building and outreach efforts relating to those communities. "The council is an effective way for us to hear a broad range of perspectives about our communities in a regular and consistent way from local experts," said Kausar Hamdani, vice president and head of the Community Affairs Office at the New York Fed. Rosenthal noted that the appointment is "an honor," adding, "The creation of this council shows a real commitment by the Federal Reserve Bank of New York to promote mainstream financial services in underserved constituencies. I look forward to working with the rest of the council to assist the bank in developing programs that benefit low- and moderate-income people and communities." Rosenthal previously served on the Consumer Advisory Council of the Federal Reserve Board from 1989 through 1991. Other appointees to the community affairs council include Cathie Mahon, executive director of the New York City Department of Consumer Affairs, Office of Financial Empowerrment. She is a former community development credit union practitioner and senior federation staff member.
Other Resources

RSS print
News Now LiveWire
July 's Fed Bank's "FedFocus" has some interesting articles: incl cost/benefits of $1 currency 2 coin conversion ttp://tinyurl.com/nybmnhh
13 hours ago
Do you wish you were a News Now subscriber? Go here: http://t.co/7evfBSjeMx
13 hours ago
Financial education for student body key part of Altura #creditunion, UC-Riverside partnership #NewsNow http://t.co/Xp6OJd66o6
14 hours ago
.@VTcreditunions gains 200 new FB followers in just 2 wks to reach 1,000 http://t.co/I89xJcv4Jg
15 hours ago
.@CUNA is testifying on reg relief Tues,July 15 at 2 p.m. be4 Hs Fin Serv Subc. Here is the agenda and witness list: http://t.co/yBRhlmdqHt
17 hours ago