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Regulation and Compliance > Federal Regulation

Fed Seeks Council Nominees

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The Federal Reserve Board is looking for 10 new members for its Consumer Advisory Council.

The council advises the Federal Reserve Board on the Consumer Credit Protection Act and other consumer-related matters.

Members serve staggered 3-year terms, and the new members will replace members whose terms expire Dec. 31.

The Fed will pay for council members to travel to Washington 3 times a year to attend council meetings, and it also will pay council members a “nominal honorarium,” according to a notice that appears today in the Federal Register.

“The board is interested in candidates who have familiarity with consumer financial services, community reinvestment and consumer protection regulations,” officials say.