| For immediate release |
| The Federal Reserve Board on Friday named eleven new members to its Consumer
Advisory Council for three-year terms and designated a new Chair and Vice
Chair of the Council for 2002. The Council advises the Board on the exercise of its responsibilities under the Consumer Credit Protection Act and on other matters in the area of consumer financial services. The Council meets three times a year in Washington, D.C. Dorothy Broadman was designated Chair; her term runs through December 2002. Starting February 11, Ms. Broadman will be Director of Corporate Citizenship at Capital One Financial Corporation in Northern Virginia. Previously, she held positions at Cal Fed Bank/First Nationwide Bank, Citibank and Wells Fargo. Ronald Reiter was designated Vice Chair; his term on the Council ends in December 2003. Mr. Reiter is Supervising Deputy Attorney General for the California Department of Justice. The eleven new members are: Janie Barrera San Antonio, Texas Ms. Barrera is President and Chief Executive Officer of ACCION Texas.
ACCION, the largest nonprofit micro-lending organization in Texas, provides
small loans and management training to micro-enterprises throughout Texas.
Ms. Barrera positioned the organization for three Community Development
Financial Institution awards totaling over $3 million. She received the
Kenneth P. Bordelon Mr. Bordelon has been Chief Executive Officer of the E Federal Credit Union since 1998. Previously, he was the credit union's Chief Financial Officer. He led the implementation of online ATM service, debit cards, online banking, electronic bill payment, and two branch offices serving as shared outlets in the Credit Union Cooperative Branching network (CUCB). In addition to his duties at E Federal, Mr. Bordelon serves on the boards of CUCB and Southern Financial Exchange, the electronic payments systems solutions network association for the south central United States. Robin Coffey Ms. Coffey is Vice President and Community Development Manager for Harris Trust and Savings Bank, where her responsibilities include setting benchmarks and monitoring Community Reinvestment Act (CRA) compliance for 26 banking charters. Previously, she managed the bank's community development lending including both affordable housing loans and small business loans in low-income neighborhoods. Ms. Coffey works with the Neighborhood Housing Services of Chicago. Thomas P. FitzGibbon, Jr. Mr. FitzGibbon is President of MB Community Development Corporation and Senior Vice President of MB Financial Bank, N.A. He manages the delivery of community development equity and debt investments, economic development, and housing finance programs. He is also in charge of residential, consumer and small business lending programs, internet banking, and insured deposit product delivery systems. Previously, he was Vice President of Community Reinvestment and Regulatory Compliance for Comerica Bank-Illinois. Mr. FitzGibbon serves on the Board of the Woodstock Institute, and on the faculty of the Federal Reserve Bank of San Francisco's National Community Development Lending School. Larry Hawkins, Jr. Since 1990, Mr. Hawkins has been President and Chief Executive Officer of Unity National Bank in Houston, a minority-owned bank primarily serving a low-income population. He is knowledgeable about opportunities and challenges facing small community banks and often speaks at schools and community organization functions. Mr. Hawkins' banking career began in 1970, and he has worked in many banking areas including loan processing, collections, small business, and personal lending. He has been active in many community and banking organizations and now serves as a Board Member for the Greater Houston Partnership and the Independent Bankers Association of Texas. He also serves as Chairman of the Disaster Services Committee of the American Red Cross. Ruhi Maker Ms. Maker is a Senior Attorney with the Public Interest Law Office of Rochester. She provides advocacy on Community Reinvestment Act issues at the local, state, and national level. She has assisted Monroe County and the City of Rochester on implementation of a Fair Housing Action Plan and has chaired the City's Real Estate and Lending Team. She has expertise in private and subsidized housing law and has been involved in trial work, appeals, and litigation on these issues. Ms. Maker has also been involved in litigation on the Fair Debt Collection Practices Act and the Truth in Lending Act. She is a founding member of the Predatory Lending Advisory Task Force in Rochester, convened by area banks with members representing banks, community groups, and city officials. Patricia McCoy Ms. McCoy is a professor of law at Cleveland-Marshall College of Law, Cleveland State University. She teaches courses on banking and securities regulation, and she is the author of a major treatise on federal banking regulation that includes an extensive analysis of the Community Reinvestment Act and fair lending laws. Ms. McCoy is chairman of the Section on Financial Institutions and Consumer Financial Services of the Association of American Law Schools and is a member of the Federal Reserve Bank of Cleveland's Strategic Alliance on Predatory Lending. She has written and spoken regularly on financial modernization and the Gramm-Leach-Bliley Act, predatory lending, the unbanked, consumer privacy, CRA reform, and fair lending. Debra S. Reyes Ms. Reyes is the President of Neighborhood Lending Partners, Inc. (NLP), a mortgage-lending consortium with membership representing 43 banks and thrifts. Her responsibilities include managing the lending program, conducting marketing and outreach, establishing a secondary market for the organization's products, and overseeing loan collection. Ms. Reyes helped to provide over $90 million in loan funds to construct or revitalize 4,000 units of affordable housing. Prior to initiating NLP, she served as Director of Compliance for several banks, including Barnett Bank, N.A. Ms. Reyes serves on Tampa's Partners in Homeownership organization and Fannie Mae's Southeastern Regional Advisory Council. Benson Roberts Mr. Roberts is Vice President of Policy for the Local Initiatives Support Corporation, the nation's largest nonprofit community development support organization. The organization makes $600 million in investments, loans, and grants annually. Mr. Roberts manages housing, urban and rural community development, finance, and economic development policy issues. He is involved in Community Reinvestment Act policy at both the regulatory and legislative levels. He played a major role in the enactment of the federal HOME housing block grant program and the New Markets Tax Credit legislation and is working on President Bush's "Renewing the Dream" tax credit to benefit low-income home buyers. Mr. Roberts is a board member of the Center for Community Change, the National Association of Affordable Housing Lenders, and the National Housing Conference. Agnes Bundy Scanlan Ms. Bundy Scanlan is Managing Director and Chief Privacy Officer for FleetBoston Financial. She established the Corporate Privacy Office and is responsible for development and implementation of corporate privacy policies. Previously, Ms. Bundy Scanlan established Fleet Financial Group's Corporate Community Development Department and was responsible for all Community Reinvestment Act lending, investment, and services and for fair lending initiatives. She co-chairs the CRA Subcommittee for the Consumer Bankers Association. Hubert Van Tol Mr. Van Tol is founder and Co-Director of Fairness in Rural Lending, which engages in research and advocacy on lending issues in the rural Midwest. Previously, Mr. Van Tol founded and operated Bank Watchers, a firm specializing in information services and organizational development for nonprofit organizations working with low- and moderate-income consumers. Mr. Van Tol also served for eleven years as the Executive Director of the Mid-South Peace and Justice Center, which engages in education, advocacy, community reinvestment, lending discrimination research, and environmental justice. He serves on the executive committee of the National Community Reinvestment Coalition. Council members whose terms continue through 2002 are: Robert M. Cheadle Lester Firstenberger Jeremy Nowak Council members whose terms continue through 2003 are: Anthony Abbate Manuel Casanova, Jr. Constance K. Chamberlin Earl Jarolimek J. Patrick Liddy Oscar Marquis Elizabeth Renuart Russell Schrader Frank Torres, III |