Appointments of New Members and Designation of the Chair and Vice Chair of the Consumer Advisory Council
The Federal Reserve Board, on January 9, 2004, named nine new members to its Consumer Advisory Council for three-year terms and designated a new chair and vice chair of the council for 2004.
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, District of Columbia.
Agnes Bundy Scanlan was designated chair; her term runs through December 2004. Ms. Scanlan is managing director and chief compliance officer for FleetBoston Financial.
Mark Pinsky was designated vice chair; his term on the council ends in December 2005. Mr. Pinsky is president and chief executive officer for the National Community Capital Association.
The nine new members are the following:
Dennis L. Algiere
Westerly, Rhode Island
Mr. Algiere is senior vice president of Compliance and Community Affairs and the community reinvestment officer for The Washington Trust Company. He is responsible for the bank's compliance, community affairs, community reinvestment, and Bank Secrecy Act programs.
Ms. Canavan is an attorney with a law practice that focuses on consumer litigation. Her litigation experience has involved state and federal consumer regulation, elder abuse, fraud, and unfair and unlawful business practices; and she has special expertise in matters relating to subprime lending and securitization of home mortgage products. Ms. Canavan represents consumers, often lowincome consumers, on credit transaction issues.
New York, New York
Ms. Diedrick is a senior vice president for JP Morgan Chase. She is an executive team member of the JPMorgan Chase Community Development Group; the senior officer in charge of Community Reinvestment Act compliance at JPMorgan Chase Bank, Chase Manhattan Bank, USA, N.A., and J.P. Morgan Trust Company, N.A.; and the senior manager in charge of the JPMorgan Chase Corporate Fair Lending Unit. She is also responsible for the Office of Strategic Alliances, which works with not-for-profit community development organizations.
Hattie B. Dorsey
Ms. Dorsey is the president and chief executive officer of the Atlanta Neighborhood Development Partnership, Inc., a not-for-profit corporation that promotes community revitalization in Atlanta's neighborhoods. Her experience is in single-family and multifamily housing, community and economic development, regional equity, and public policy.
Bruce B. Morgan
Roeland Park, Kansas
Mr. Morgan is chairman, president, chief executive officer, and director of Valley State Bank. He is actively involved in bank regulation, payments systems, and developing technologies that affect bank delivery of products and services. Mr. Morgan serves on the Customer Advisory Committee of the Federal Reserve Bank of Kansas City and on the Payment and Technology Committee of the Independent Community Bankers of America. He is a former member and past chairman of the Kansas State Banking Board.
Mary Jane Seebach
Newbury Park, California
Ms. Seebach is executive vice president and chief compliance officer for Countrywide Financial Corporation. She oversees legal and regulatory compliance programs throughout the enterprise. Previously, Ms. Seebach worked as regulatory counsel advising on state and federal consumer credit laws for Countrywide Home Loans, The Money Store, and North American Mortgage Company, and as a senior attorney for the Federal Reserve Board. …