Activist Named To Fed Board Council

The Record ( — Tuesday, December 29, 2009

By Richard Newman

NEWARK — The head of New Jersey's largest consumer watchdog group has been appointed to the Federal Reserve Board's Consumer Advisory Council. Phyllis Salowe-Kaye, executive director of New Jersey Citizen Action for nearly 25 years, is one of 10 new members appointed for three-year terms, the Fed said.

The advisory council, which meets in Washington, D.C, three times a year, advises the regulator on the exercise of its responsibilities under the Consumer Credit Protection Act and on other consumer financial services matters.

"I am honored," Salowe-Kaye said Monday in a statement. "I can think of no other time when it has been more important to work with the Federal Reserve to increase consumer protections in financial services."

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