Emlenton, Pennsylvania, September 26, 2018 – The Farmers National Bank of Emlenton announces the appointment of Aubery L. Hulings, Vice President and Operations Manager, to serve on the Bureau of Consumer Financial Protection Community Bank Advisory Council.
"Today, I am appointing experts to the Bureau’s advisory committees who will bring a fresh perspective to our important work," said Bureau Acting Director Mick Mulvaney. "These experts are highly talented individuals in consumer finance markets, and we look forward to working closely with them throughout their service."
The Dodd-Frank Wall Street Reform and Consumer Protection Act charges the Bureau with establishing a Consumer Advisory Board to advise and consult with the Bureau’s Director on a variety of consumer financial issues. The Bureau also created a Community Bank Advisory Council and a Credit Union Advisory Council. The Community Bank Advisory Council and Credit Union Advisory Council advise and consult with the Bureau on consumer financial issues related to community banks and credit unions. In March 2018, the Bureau issued a notice in the Federal Register outlining the responsibilities of the advisory committees, as well as the duties of its members, and solicited applications for appointment.
The newly appointed members include experts in consumer protection, financial services, FinTech, community development, fair lending, civil rights, and consumer financial products and services as well as representatives of community banks and credit unions. Advisory committee membership reflects the expertise across the range of issues under the Bureau’s jurisdiction. New members to the Consumer Advisory Board, Community Bank Advisory Council, and Credit Union Advisory Council will serve a one-year term.
More information on the Bureau’s advisory committees can be found here: https://www.consumerfinance.gov/advisory-groups/. The Bureau of Consumer Financial Protection is a 21st century agency that helps consumer finance markets work by regularly identifying and addressing outdated, unnecessary, or unduly burdensome regulations, by making rules more effective, by consistently enforcing federal consumer financial law, and by empowering consumers to take more control over their economic lives. For more information, visit consumerfinance.gov.
The Farmers National Bank of Emlenton is an independent, nationally chartered, FDIC-insured community commercial bank headquartered in Emlenton, Pennsylvania, operating 17 full-service offices in Allegheny, Butler, Clarion, Clearfield, Crawford, Elk, Jefferson, Mercer, and Venango Counties, Pennsylvania and Hancock County, West Virginia. The Bank is a wholly owned subsidiary of Emclaire Financial Corp (NASDAQ: “EMCF”). For more information about The Farmers National Bank, please visit the website at www.farmersnb.com or call 877-862-9270.