Financial

Consumer Advisory Council

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Consumer Advisory Council (CAC)

A statutory body established by Congress in 1976. The Council, with 30 members who represent a broad range of consumer and creditor interests, advises the Federal Reserve Board on the exercise of its responsibilities under the Consumer Credit Protection Act and on other matters on which the Board seeks its advice.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Consumer Advisory Council

An organization that advises the Federal Reserve on issues affecting consumers, especially the availability of credit. The Council consists of 30 representatives and meets in Washington, D.C. It is one of three Federal Reserve advisory committees; the others are the Thrift Institutions Advisory Council and the Federal Advisory Council.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive
The National Consumer Advisory Council (NCAC) has proposed introducing rules and regulations on sales and promotions during Raya to curtail overspending.
Prior to CoreLogic, Theologides was EVP and general counsel of Morgan Stanley's US residential mortgage business and was a member of the Federal Reserve Board's Consumer Advisory Council.
With this in mind, members of the hospital's consumer advisory council were invited to help design a patient-centered space that balances safety with comfort and healing.
A subset of the panel constitutes the Consumer Advisory Council of the International Housewares Association.
Though consumer groups and 22 current and former members of the Federal Reserve's Consumer Advisory Council pleaded with regulators to withdraw these consent decrees, they have nonetheless been issued.
He has also been the president of the Texas Bankers Association, former director of the Federal Reserve Bank of Dallas, and a member of the Consumer Advisory Council to the Federal Reserve Board in Washington, DC.
In addition to serving as a member of the Consumers Union Board of Directors, he was appointed to several government panels, including the President's Consumer Advisory Council and President Nixon's Commission on International Trade and Investment Policy.
The IHA Consumer Advisory Council members were quite clear when we met with them last fall.
We, as the Lane Mental Health Consumer Advisory Council, strongly encourage this.
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