CFPB Announces Advisory Members

October 3, 2019

On Thursday, October 3, 2019, the CFPB announced the appointment of new members to the Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC), Credit Union Advisory Council (CUAC) and Academic Research Council (ARC). CBA is pleased to announce that CBA Member and nominee Tim Welsh, Vice Chairman, Consumer & Business Banking at U.S. Bank is among the new members.


Acting Director Mick Mulvaney restructured the scope and size of the Bureau’s consumer advisory boards during his tenure in 2018, dismissing many longtime members, and making each board more streamlined in size. Director Kraninger expanded the focus of meetings to cover broad policy matters, increased the frequency of in-person meetings from two to three times a year, and increased term lengths for members to two years.


A full list of new members is below:


Consumer Advisory Board (CAB)

  • Chair of the CAB - Brent Neiser, Senior Director, National Endowment for Financial Education (Denver, CO)
  • Nikitra Bailey, EVP, Center for Responsible Lending (Durham, NC)
  • Nadine Cohen, Managing Attorney, Greater Boston Legal Services (Boston, MA)
  • Sameh Elamawy, CEO, Scratch Services, Inc. (San Francisco, CA)
  • Manning Field, COO, Acorns (Irvine, CA)
  • Clint Gwin, President & CEO, Pathway Lending (Nashville, TN)
  • Ronald Johnson, Former President, Clark Atlanta University (Atlanta, GA)
  • Tim Lampkin, CEO, Higher Purpose Co. (Clarksdale, MS)
  • Eric Kaplan, Director – Housing Finance Program, Milken Institute (Washington, DC)
  • Sophie Raseman, Director of Product, Brightside (San Francisco, CA)
  • Rebecca Steele, President/CEO, National Foundation for Credit Counseling (Washington, DC)
  • Tim Welsh, Vice Chairman Consumer and Business Banking, U.S. Bank (Minneapolis, MN)


Community Bank Advisory Council (CBAC)

  • Chair of the CBAC - Aubrey Hulings, VP, Operations Manager, The Farmers National Bank of Emlenton (Emlenton, PA)
  • Erik Beguin, Founder, CEO and President, Austin Capital Bank (Austin, TX)
  • Maureen Busch, VP Compliance and CRA Officer, The Bank of Tampa (Tampa, FL)
  • Patrick Ervin, EVP, Independent Bank (Troy, MI)
  • Shan Hayes, President and CEO, Heartland Tri-State Bank (Elkhart, KS)
  • Bruce Ocko, Senior VP Director of Mortgage & Consumer Lending, Bangor Savings Bank (Bangor, ME)
  • Valerie Quiett, SVP and Chief Legal Officer, Mechanics and Farmers (M&F) Bank (Durham, NC)
  • Heidi Sexton, EVP/Chief Compliance and Risk Officer, Sound Community Bank (Seattle, WA)


Credit Union Advisory Council (CUAC)

  • Chair of the CUAC - Sean Cahill, President & CEO, TrueSky Credit Union (Oklahoma City, OK)
  • Arlene Babwah, VP Risk Management, Coastal Federal Credit Union (Raleigh, NC)
  • Teresa Campbell, President & CEO, San Diego County Credit Union (San Diego, CA)
  • Rick Durante, VP, Director of Corporate Social Responsibility and Government Affairs, Franklin Mint Federal Credit Union (Chadds Ford, PA)
  • Doe Gregersen, Vice President & General Counsel, Landmark Credit Union (New Berlin, WI)
  • Brian Holst, General Counsel, Elevations Credit Union (Boulder, CO)
  • Racardo McLaughlin, VP Mortgage Originations/Operations (TwinStar Credit Union, Lacey, WA)
  • Rick Schmidt, President & CEO, WestStar Credit Union (Las Vegas, NV)


Academic Research Council (ARC)

  • Michael Baye, Bert Elwert Professor of Business Economics, Indiana University (Bloomington, IN)
  • Karen Dynan, Professor of the Practice of Economics, Harvard University (Cambridge, MA)
  • Terri Friedline, Associate Professor, University of Michigan (Ann Arbor, MI)
  • John Lynch, Jr., Director of the Center for Research on Consumer Financial Decision Making and Senior Associate Dean for Faculty and Research, University of Colorado Boulder (Boulder, CO)
  • Brigitte Madrian, Dean/Marriott Distinguished Professor, Brigham Young University (Provo, UT)
  • Tom Miller, Professor of Finance and Jack R. Lee Chair, Mississippi State University (Mississippi State, MS)
  • Joshua Wright, Professor, Scalia Law School at George Mason University (Arlington, VA)