The Federal Reserve Board announced on Monday that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council, or CAC, which advises the Board on issues affecting consumers and communities. The CAC is made up of a diverse group of experts and representatives of consumer and community development organizations and interests, including affordable housing, community and workforce development, small business, and asset and wealth building.
CAC members meet semiannually with members of the Board of Governors in Washington to provide a range of perspectives on the economic circumstances and financial services needs of consumers and communities, with a particular focus on the concerns of low- and moderate-income consumers and communities. The CAC is one of several advisory councils that the Board draws upon for firsthand insight from key stakeholders.
The Board expects to announce the appointment of CAC members later this year. Applicants from previous years may re-apply. Additional information about the selection process, including instructions for submitting an application, is available here.