Five new members have been named to the Federal Reserve’s Consumer Advisory Council (CAC) and will begin three year-terms in January, the Fed announced Thursday.
The CAC includes experts and representatives of consumer, workforce, and community development organizations and interests, including from such fields as affordable housing, economic development, labor, small business, and asset and wealth building. Council members provide information, advice, and recommendations to the Fed Board on relevant policy matters and emerging issues of interest.
The new CAC members are:
- Daniel Betancourt, president and CEO, Community First Fund, Lancaster, Pa.;
- Darlene Lombos, executive secretary-treasurer, Boston Labor Council, Boston;
- Laura Murrillo, president and CEO, Houston Hispanic Chamber of Commerce, Houston;
- Arjan Schutte, founder and managing partner, Core Innovation Capital, San Francisco; and
- Kendra N. Smith, vice president, community health, Bon Secours Mercy Health, Toledo, Ohio.
Set to depart the council at year-end are Donald Hinkle-Brown (former chair), Juan Bonilla, Barb Lau, Jonny Price, and Bethany Sanchez. Next year, Marc Norman will be chair, and Tawney Brunsch will be vice chair.
The Fed said council is scheduled to meet May 13 and Oct. 21, 2021.