Appointments of new members and designation of the chair and vice chair of the consumer advisory council - Announcements

Federal Reserve Bulletin, Feb, 2003

The Federal Reserve Board named ten new members to its Consumer Advisory Council for three-year terms and designated a new chair and vice chair of the council for 2003.

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.

Ronald Reiter was designated chair; his term runs through December 2003. Mr. Reiter is supervising deputy attorney general for the California Department of Justice.

Agnes Bundy Scanlan was designated vice chair; her term on the council ends in December 2004. Ms. Scanlan is managing director and chief compliance officer for FleetBoston Financial.

The ten new members are the following:

Susan Bredehoft Cherry Hill, New Jersey

Ms. Bredehoft is senior vice president for compliance risk management for Commerce Bancorp. She has responsibility for developing and implementing the compliance-risk-management program for consumer protection and disclosure regulations, privacy, fair lending, community reinvestment, and anti-money-laundering regulations. Previously, Ms. Bredehoft was senior vice president and director of compliance for Summit Bancorp, where she managed the community reinvestment and compliance programs. She has spoken on community development, fair lending, compliance, and audit topics. Ms. Bredehoft is the chair of the Finance and Audit Committee for the New Jersey Community Loan Fund, serves on the Compliance Committee of the New Jersey Banker's Association, and is a Trustee of St. Peter's College in Jersey City, New Jersey.

Dan Dixon Washington, Disrict of Columbia

Mr. Dixon is group senior vice president and director of Government relations for World Savings Bank, FSB. During his career at World, his responsibilities have included mortgage loan origination and servicing, customer relations, regulatory compliance, and community outreach. In addition, Mr. Dixon serves on the Board of Neighborhood Housing Services of America, Inc. (NHSA), a national nonprofit secondary mortgage market intermediary. For six years, he was chairman of NHSA. At NHSA, he supported introduction of a new loan product for low-income borrowers with funding from the Federal Home Loan Bank Affordable Housing Program. Mr. Dixon previously served on the board of East Bay Habitat for Humanity in Oakland, California.

James Garner Baltimore, Maryland

Mr. Garner is senior Vice president and associate general counsel for Washington Mutual, Inc., an organization providing consumer banking, mortgage lending, commercial banking, and consumer financial services. Mr. Garner leads a group of attorneys and manages the consumer finance company subsidiary's compliance department. He recently participated in the development of Responsible Mortgage Lending Principles for the organization and participates in the company's Fair Lending Steering and the Public Policy Issues Management committees. Mr. Garner also works on a pilot program to move subprime customers into the organization's prime lending segment and regularly meets with consumer advocate groups to discuss predatory lending and responsible lending practices. Mr. Garner chairs a subcommittee for the Law Committee of the American Financial Services Committee and is an officer and member of the Governing Committee of the Conference on Consumer Finance Law.

Charles Gatson Kansas City, Missouri

Mr. Gatson is vice president of Midtown Community Development Corporation doing business as Community Builders of Kansas City, an affiliate of Model Cities Health Corporation, an organization that provides innovative social, health-care, and community economic development services to the urban community. Mr. Gatson directs the corporation's community economic development efforts that include a $100 million urban revitalization program in Kansas City's urban core. The program includes a healthcare facility, single- and multifamily housing and an 85,000-square-foot H&R Block customer service center in a predominantly African American community. Mr. Gatson is a member of many civic organizations, including the Urban League of Greater Kansas City, the Urban Land Institute's Inner City Advisor Coordinating Committee, and Fannie Mae's Housing Impact Advisory Committee. In 2002, he received the James A. Johnson Community Fellows Award from the Fannie Mae Foundation.

James King Cincinnati, Ohio

Mr. King is president and chief executive officer of the Community Redevelopment Group in Cincinnati. His responsibilities include administering the day-to-day operations of residential and commercial development and construction, marketing, and management for two community development corporations, the Avondale Redevelopment Corporation and the Walnut Hills Redevelopment Foundation. Mr. King is a member of several community organizations including the City of Cincinnati Economic Development Task Force, the National Congress for Community Economic Development, and the Neighborhood Development Corporations Association of Cincinnati. He is also co-chair of Cincinnati CAN (Community Action Now) and a member of The Federal Home Loan Bank of Cincinnati Advisory Council and the Cincinnati Park Board Master Plan Advisory Committee. In 2001, Mr. King received the James A. Johnson Community Fellows Award from the Fannie Mae Foundation.