WASHINGTON (8/29/14)--The Consumer Financial Protection Bureau (CFPB) has announced new members of the Credit Union Advisory Council (CUAC), as well as new senior leaders and other advisory board members. The CUAC advises the CFPB on regulating consumer financial products or services, specifically to share the unique perspectives of credit unions.
The bureau supervises credit unions and other depository institutions with more than $10 billion in assets. It does not have authority over those credit unions with less than $10 billion in assets, other than limited authority conveyed by a section of the Dodd-Frank Act.
The members of the CUAC are:
- Robert Falk, president/CEO, Purdue FCU, West Lafayette, Ind., with $823 million in assets;
- Jason Lee, executive vice president/chief financial officer, Orion FCU, Memphis, Tenn., with $545 million in assets;
- Robin Loftus, chief operating officer, Heartland CU, Springfield, Ill., with $243 million in assets;
- James McDaniel, president/CEO, Heritage Trust FCU, Charleston, S.C., with $487 million in assets;
- Robin Romano, CEO, MariSol FCU, Phoenix, with $33 million in assets;
- Ronald Scott, president/CEO, Appalachian Community FCU, Gray, Tenn., with $171 million in assets;
- David Seely, president/CEO, Kirtland FCU, Albuquerque, N.M., with $674 million in assets; and
- John Winne, president/CEO, Boston Firefighters CU, Dorchester, Mass., with $193 million in assets.
New members to the council will serve two-year terms.
The bureau also named the following new senior leaders:
- Patricia McClung, assistant director for mortgage markets. McClung worked at the Federal Housing Administration as a senior housing policy adviser and, since January, has been acting director of program development in single-family housing, with responsibility for the home mortgage insurance, valuation and program support divisions;
- Janneke Ratcliffe, assistant director for financial education. Ratcliffe has served as executive director at the Center for Community Capital at the University of North Carolina at Chapel Hill since 2005; and
- Will Wade-Gery, assistant director for card and payments markets. Wade-Gery has been serving in the same position as the acting assistant director since January. Prior to being named acting assistant director, he was senior counselor on the card and payments markets team.