Lending

UW CU Exec Named to Fed Council

January 10, 2011
KEYWORDS consumer , council , credit
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Mike Long, executive vice president/chief credit officer for UW Credit Union, Madison, Wis., was named to the Federal Reserve Board’s Consumer Advisory Council.

The council advises the Fed board on its responsibilities under the Consumer Credit Protection Act and on other matters regarding consumer financial services.

The council will hold its regular meetings in Washington, D.C., until the designated transfer date, upon which certain consumer protection functions will be transferred from the Fed to the new Bureau of Consumer Financial Protection, pursuant to the Dodd-Frank Act.

As of that date, Fed Board’s Consumer Advisory Council will be dissolved. The Act authorizes the establishment of a Consumer Advisory Board to advise and consult with the bureau.

Long is responsible for the overall direction of $1.2 billion asset credit union's lending division. He’s also executive vice president/chief operating officer of CU Campus Resources, a student loan credit union service organization owned by UW Credit Union; a member of the Credit Union National Association’s Consumer Protection Subcommittee; and a member of TransUnion's Credit Union Advisory Board.

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