WASHINGTON (1/10/08)—The Federal Reserve Board Wednesday named 10
new members to its Consumer Advisory Council (CAC), including the head of the Idaho CU League who was nominated by the Credit Union National Association (CUNA). Alan Cameron, president/CEO of the league, will serve a three-year term on the CAC, which advises the Fed on its responsibilities under the Consumer Credit Protection Act and on other matters in the area of consumer financial services. Members are appointed by the Board of Governors to the 30-member panel to serve staggered three-year terms. The council meets three times a year in Washington, D.C. Cameron has served as chair of CUNA's Consumer Protection Subcommittee and as chair of the State Issues Advocacy Committee of the American Association of Credit Union Leagues. Previously, he was an attorney in private practice, during which he focused on the representation of credit unions in state and federal courts. Cameron has also been involved in a variety of community affairs related to consumer financial services. He serves as treasurer of the Hispanic Financial Education Coalition, a Jump$tart Coalition partner, as well as treasurer of the Consumer Information Council, an industry partnership dedicated to educating the public about identity theft and financial privacy issues. He was also on the board of the Consumer Credit Counseling Service of Idaho for more than twenty years. Also named for a three-year term is Michael Calhoun, president of the Center for Responsible Lending (CRL) in Durham, N.C. The CRL is a nonprofit, non-partisan research and policy organization focusing on consumer lending issues. CUNA Deputy General Counsel Mary Dunn said Wednesday: "It's very important for credit unions as consumer-owned co-ops to have representation on the Consumer Advisory Council because it does have the ear of the Federal Reserve Board on consumer regulatory issues. "CUNA recommended Alan Cameron and as head of our Consumer Protection Subcommittee he will do an outstanding job on the Fed's advisory council, and we also look forward to working with Michael Calhoun, who certainly knows credit unions given his association with Self Help." Faith Anderson, of American Airlines FCU in Fort Worth, Tex., completed her three-year CAC term at the end of 2007. The Fed also designated a new chair and cive chair for the advisory group: President/CEO Tony Brown of Uptown Consortium, Inc., whose term runs through December 2008, was designated chair; amd Managing Director Edna Sawady Market Innovations, Inc., whose term end December 2009, was named vice chair. Use the resource link below to see the complete list of CAC members.